Answer:
b) How well you understand and use personal finance information
Explanation:
Financial literacy involves understanding and using financial information. When applied, a person is in a position to understand their financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.
The Given Statement is TRUE. Banks helped international trade by allowing merchants access to money in different locations.
<h3>
What is International Trade?</h3>
International Trade is the exchange of goods and services across international borders. It usually comes with additional risks caused by changes in exchange rates, government policies, laws, judicial systems, and financial markets.
International trade drives a country’s growth. Import-export figures are one of the top contributors to a country’s gross domestic product. Thus, every country tries to strengthen its global trade relationships with world leaders.
<h3>What is the role of the banks in International Trade?</h3>
Banks facilitate international trade by providing financing and guarantees to importers and exporters. While access to external funds is important for domestic production, it is especially important for exporting firms.
<h3>What did a Merchant do?</h3>
Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.
Thus, we can conclude that the above statement is TRUE.
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True. Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.
As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show.
C’est Wot is a Quebecois-British fusion restaurant specializing in jellied eel poutine. To encourage customers to bring their friends, C’est Wot gives first-time visitors buy-one-get-one meal vouchers for their next visit. This is an example of: adding force.
<h3>What is an adding force in business?</h3>
This is the term that is used to describe the way that a company is able to get consumers that would get to purchase and consume their products. It is a strategy that is used to facilitate increased consumer base.
The way this is seen here is that the business had to create a system that would bring them more people. To do this they had to create a way for people to come in pairs.
The first time visitors are given a voucher that would enable them to get free meals when they visit.
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Answer:
14.35%
Explanation:
In this given case, Risk free return will be yield on bond = 10.50%
Risk Premium given = 3.85%
But beta of company is not given, and market beta also not given, hence we can not calculate beta.
we can assume beta of company is 1, then-
Cost of equity can be calculated as:
= Risk free return + [Beta × Risk Premium]
= 10.50% + [1 × 3.85%]
= 10.50% + 3.85%
= 14.35%
Note:
Retained earning also not given so that we calculate based of retained earning.
