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Anna11 [10]
2 years ago
9

Why is it important to know the timeframe when working towards your savings goals?

Business
1 answer:
kozerog [31]2 years ago
4 0

Knowing the "when" of your financial goals is crucial because investing for short-term versus long-term goals differs, depending on how long you can keep your money invested, you will need to adopt a different investing approach.

<h3>What exactly do you mean by "timeframe of saving goals"?</h3>

The framework of saving goals involves the time period for which an individual has been planning to save the amount. The planning framework can be of short term or long term.

Examples of short-term goals include: getting a new car or paying off student loans, whereas long-term objectives could be things :like putting money down for retirement, funding your children's education, or purchasing a second house.

Setting a deadline for achieving your goal can be helpful after you know how much money you need to save and your savings objective. This will encourage you even more to make progress toward your financial objectives.

Learn more about savings goals, here:

brainly.com/question/11508361

#SPJ1

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Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus. The n
goldfiish [28.3K]

Answer:

The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to International Balance of Statement Differences

Explanation:

Gold standard is a monetary stem that links the value of paper money to gold.This system were used to balance income differences between countries. Countries with a balance of payments surplus would receive gold inflows, while countries in deficit would experience an outflow of gold

Here, Gold is the standard for International balance of payments differences.

Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus.

The nation with a trade surplus has a swell in the money supply, which leads to price increases. At the same time, the nation with a reduction in the money supply will cause prices to fall.

The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to International Balance of Statement Differences.

6 0
3 years ago
For each example, determine how the market for the good in the bolded text will respond to the described change.
Slav-nsk [51]

Answer:

a. Due to increases in hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from $2.98 to $3.25.  QUANTITY DEMANDED DECREASES, as the price of a good or service increases, the quantity demanded decreases.

b. Groupon has a Groupon for $6 off the price of laser tag.  QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

c. Sharp increase in the price of wood causes increases in prices for dressers and desks.  QUANTITY DEMANDED DECREASES, if the price of a key input increases, the production costs will increase, resulting in a higher selling price ⇒ lower quantity demanded.

d. Week long special at the grocery store, where pork shoulder is on sale at $1.99 a pound, down from $3.99 a pound.  QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

e. Buy one get one free special for MP3 albums on Amazon. QUANTITY DEMANDED INCREASES, the buy one get one free promotion lowers the price of a good or service, resulting in higher quantity demanded.

7 0
3 years ago
Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1,
serg [7]

I THINK ITS MIDDLE FINGERS AT THESE AHOLE MODERATORS

6 0
4 years ago
McDonald's is an excellent example of a firm that simultaneously employs both a product-differentiation and a cost-leadership st
julia-pushkina [17]

Answer:

The correct answer is True.

Explanation:

Product differentiation is a competitive strategy that aims to make the consumer perceive the good or service offered by a company differently from those of the competition.

The cost leadership strategy is to find and maintain a low cost position compared to the competition, this will allow the company to obtain higher returns than the industry average.

There is a relationship between the cost leadership strategy and the possession of a high market share, this is because having a high market share allows the appearance of economies of scale and economies of experience, both contribute to reducing unit costs.

7 0
3 years ago
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A tire manufacturer has recently discovered that numerous lots of tires
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Answer:

A. The Manufacturer

Explanation:

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