Answer:
The correct answer is D. When banks loan the money to another consumer.
Banks earn profit by lending the money from customers who deposit to bank or borrowed from other banks by lending it at a higher interest rate than the amount the borrowed it.
Banks pay low rates to those deposit with them those who their money is in money market fund or in savings account, and charge high rates to those who borrow as loan.
Some of the risks that a bank faces include operation risk, market risk, reputation risk, and liquidity risk.
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Answer:
The four main functions of an economic system are,
a). Production: This is concerned with hat goods and services will be produced in the economy.
b). Allocation: This is concerned with how these goods will be produced, that is using labor intensive technology or capital incentive technology.
c). Distribution: This is concerned with whom the goods are produced, that is how the share of the economic pie will be distributed.
d). Regeneration: This function is concerned with allocating resources between consumption for present use and investment for future use.
Answer:
b. volume variance.
Explanation:
Volume variance can be defined as the difference between the static budget and the flexible budget.
It mainly occurs as a result of the difference between the actual volume and the budgeted volume derived from the static budget.
Answer:
He will likely incur the penalty APR, as well as an over-the-limit fee and a late fee—because VISA has to receive his payment in its office by the 20th, not have it postmarked by the 20th is the correct answer.
Explanation:
Answer to a:
The number of years for which the deposits will be made is given by:
= Retirement age - current age
= 65 - 23
= 42 years
