On april 2, 1862, the first greenback left the u. s. treasury, marking the start of a new era in the american monetary system.

at the start of the civil war, the u. s. didn't have a national paper currency. instead, the money supply consisted of u. s. coins and a collection of paper notes issued by private banks. technically, the federal government began issuing its own paper currency in 1861. that year, the lincoln administration issued $60 million in demand notes, a variant of a treasury note that was redeemable "on demand" for gold coins at the treasury or any sub-treasury.

these notes were overshadowed in 1862 by the issue of $150 million in a new fiat currency officially known as united states notes and popularly known as greenbacks or legal tenders. by the end of the war, close to $450 million worth of greenbacks were in circulation.

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)

Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?