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kogti [31]
3 years ago
14

Suppose you borrow​ $2,000 for one year and at the end of the year you repay the​ $2,000 plus​ $110 of interest. If the expected

inflation rate was​ 2.2% at the time you took out the​ loan, what was the real interest rate you​ paid?
a. 2.2%
b. 3.3%
c. 5.5%
d. 8.8%
Business
1 answer:
UkoKoshka [18]3 years ago
6 0

Answer:

b. 3.3%

Explanation:

The nominal interest rate is 5.5%, (110/2000*100), and the inflation was 2.2%

The shortest way to calculate real interest rate is to subtract the inflation from the nominal interest rate, in this case

5.5% - 2.%2 = 3.3%

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Merticao, a French textile company, supplied most of its products to its primary market in Hestonia, a North American nation. Ho
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Answer:

Reduced risk

Explanation:

Merticao had operations in France and North America so their risk was spread out, with local and international businesses complimenting themselves.

So when their primary operations in North America they fell back on their local operations and survived the economic downturn.

Merticao made a wise choice by diversifying their business and reducing risk of being in only one market.

4 0
3 years ago
What should you keep in mind when developing recommend actions or procedures?
jekas [21]

Solutions must be specific and complete.

When working on the JSA (job safety analysis) worksheet, you need to gove specific and attainable solutions. Being vague or skipping this portion can lead to mistakes.

3 0
3 years ago
Suppose a $3 per-unit tax is placed on this good. the per-unit burden of the tax on sellers is
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Suppose a $3 per-unit tax is placed on this good. the per-unit burden of the tax on sellers is $1 .

Explanation:

The demand curve and the production curve are cross-secting before the tax level reaches $4.

The supply curve moves to the left when the tax of $3 was levied, so that the new price payable by consumers is $6 where the new supply curve and the demand curve intersect, while the seller collects $3 where the original supply curve and the demand curve intersects.

hence, the per unit burden of the tax imposed on buyers is $6 - $4 = $2

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6 0
3 years ago
In the U.S. political arena, ______________________ may tend to emphasize the virtues of markets and the limitations of governme
fiasKO [112]

Answer:

The correct answer is letter "A": conservatives; liberals.

Explanation:

Two main approaches define how societies could achieve economic and political prosperity. Conservatives are in favor of little government intervention since individuals must be empowered to take responsibility for their own wellness. They are in favor of <em>market economies</em> -<em>price driven by supply and demand. </em>

Liberals, on the other hand, propose the government must intervene to ensure individuals have equal opportunities. Liberals prefer<em> mixed economies </em>which are mixtures of market economies and command economies -<em>the government is the central planner.</em>

8 0
3 years ago
Leo is a welfare recipient who qualifies for two means-tested cash benefit programs. If he does not earn any income, he receives
lubasha [3.4K]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

If he does not earn any income, he receives $225 from each program. For each dollar he earns (which his employer is required to report to the welfare agency), his benefit from each program is reduced by 75 cents until the benefit equals zero.

Each program= 225

Combined earnings= 225*2= 450

6 0
3 years ago
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