Answer:
a) 2.5%
b) 6%
c) 3.5%
Explanation:
The Formula to be used is the <em>habitat hypothesis </em>
as stated in the document attached below
a) it = 2%; it+1 =3%
= 0 + ( 2 + 3 ) / 2
= 2.5% ( two year nominal interest rate )
b) it = 2%; it+1+1 = 10%
= 0 + ( 2 + 10 ) / 2
= 6% ( two year nominal interest rate )
c) it = 2%; 1t+1 = 3%. ∝₂,t = 1%
= 1 + ( 2 + 3 ) / 2
= 1 + 2.5 = 3.5%
The percentage of adults, nationally, that were current on all credit payments in the last year is 78.5% .
Your friend is incorrect in assuming that all will have high credit scores. because base on the fact that a lot young adults have no credit experience. They are said to often have a high balance on too many credit card.
The state’s on-time payment record compare to the national rate is known to be Texas who are said to have an on-time payment record of 6.7% that is known to be lower than the national rate.
Miral county’s payment rate is 80%, 10% higher than the state of Texas.
The “clumping may be due to the types of jobs that are available to certain states.
<h3>The reasons our credit card or loan bill paid late?</h3>
The reasons why our credit card or loan bill late said to be late is known to have a lot of serious effects if not managed. It can lead to:
- Credit score reduction drastically, that can affect your credit report badly.
- It can also affect the types of opportunities, etc. that one can get through the credit bureau.
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If incomes increase during a period of expansion, goods considered to be inferior will experience:
<h3>What are inferior goods?</h3>
Inferior goods are those types of goods that consumers have little or no interest in. These goods are mostly sought after when the economy is tough and people have no option but to purchase them.
However, when the economy improves and there is an expansion, people will naturally return to the goods that they believe have superior quality. When they make this move, the inferior goods will experience a decrease in demand.
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Unemplyment benefits are an example of a transfer payment. So, the correct option of this question is b.
Transfer payment is payment made or income received in which goods and services are not paid is known as transfer of payment. It is one-way payment. Transfer Payment is also known as Government transfer as it is given by the Government without goods and services being received in return. Transfer of payment is based on the concept of donor and recipient. A donor gives up something of value without receiving anything in return.
Unemployment benefits are given by the Government without receiving any goods or services in return so it is considered a transfer payment. The government collects money through taxes then this money is reallocated to citizens equally through welfare services.
Unemployment benefits are also provided by the Government therefore it is an example of transfer payment.
While other options are incorrect because rent, wages and government purchases dont have relation with transfer payment.
Therefore, the correct option of the given question is b i.e. Unemployment benefits.
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