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Before finding earth, the only foreign transactions the Endorians ever had was with the Vulcans....

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Accounting

Before finding earth, the only foreign transactions the Endorians ever had was with the Vulcans. The Vulcan economy has always been very stable with little to no inflation, therefore; Endor accounting only has one method for handling foreign currency. This method is similar to our method when the foreign currency is functional. Against the advice of family, friends and the music loving people of the galaxy, Mr. Spock, the treasurer of Vulcan has resigned to pursue a career on The Voice, Dancing with the Stars, and Big Brother. This has sent shock waves throughout the Vulcan economy and massive inflation has begun there. All the experts believe that after 5 years of trying out (and being kicked off) all these talent shows, Mr. Spock will return to Vulcan and restore stability to their economy. a. Do you think the Endorian method is best when inflation is not a problem? b. Do you think the monetary/nonmonetary method is best when inflation is a problem? c. If Endorian Companies were in the US they would be forced to switch method for the 5 years Mr. Spock tortures the music loving galaxy and then switch back when stability comes to Endor. Do you think companies should have to switch and lose consistency? Explain your answer.

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