Generous- Selfish
Tremendous- Small
Famous- Unknown
Publicity- Secrecy
Imaginative- Unskillful
Outstanding-Unexceptional
I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!
Answer:
$55
Explanation:
Opportunity cost refers to the value of benefit forgone, in order to get the benefit of current option chosen.
Here, Cameron has a gift card worth $40 which he had to use,
Now he had two options:
Either to buy keyboard of $50
or
To buy speakers costing $55
He chooses to buy keyboard and the value of benefit forgone is value of speakers = $55.
Thus, opportunity cost = $55
Answer: The motorcycle because you can sell it for more cash than the cash prize option. Value = $25000 (the price you can sell it for.)
Explanation:
Based on the scenario in the question, we've been given three options which are a new motorcycle, with an MSRP of $30000, or $20000 in cash.
The manufacturer's suggested retail price (MSRP) is simply the price that the producer of a product recommends ifor the product to be sold in retail stores.
Based on the scenario, the best option will be to choose the motorcycle. This is because it can sold for an amount that is not than the cash prize option of $20,000 since the motorcycle is valued at $25000.
