Answer:
a. currency, demand deposits, traveler's checks, and other checkable accounts.
Explanation:
The M1 money supply is composed of currency, demand deposits, traveler's checks, and other checkable accounts.
Basically, M1 comprises of the most liquid part of money being supplied and as such can be easily and quickly converted to cash equivalent because it is made up of assets and currency.
Additionally, M1 of money supply only comprises of items that are directly and immediately usable as a medium of exchange when purchasing various goods and services. Thus, M1 doesn't include financial assets and securities such as bonds, savings accounts etc.
The answer to the question is a form
Answer:
a.<em> 7 gigabytes</em>
b. <em>My answer depends critically on the steepness of the indifference curve</em>
<em></em>
Explanation:
If the first 4 gigabytes of data cost $10 each, and each additional gigabyte of data costs $20, then the customer uses
4 gigabytes for $40 + 3 gigabytes for $20 each = <em>7 gigabytes</em> of data with $100.
<em>An indifference curve shows the combination of two goods that give the consumer equal satisfaction and utility. </em> The indifference curve is typically a graph that has a downward sloping convex to the origin.
<em>My answer depends critically on the steepness of the indifference curve</em>
<em></em>
<em></em>
The present value of his consulting contract is $502,898.46.
Annual payment = $61,000
Opportunity cost = 8%
Number of payments = 14
Present value of payments = $61,000/1.08 + $61,000/
+ ... + $61,000/
+ $61,000/![1.08^{14}](https://tex.z-dn.net/?f=1.08%5E%7B14%7D)
Present value of payments = $61,000 * (1 -
) / 0.08
Present value of payments = $61,000 * 8.244237
Present value of payments = $502,898.46
Therefore, the Present value of payments is $502,898.46.
The present value of an annuity is the current value of future payments from an annuity, given a specified rate of return, or discount rate. The higher the discount rate, the lower the present value of the annuity.
Learn more about Present value of payments here:- brainly.com/question/25792915
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