Answer:
B) discount loans; source
Explanation:
The central bank has a role in acting as the lender of last resort. Commercials banks and other institutions will turn to the Fed if they cannot borrow funds from any other sources. The central bank, through the Fed, uses the discount window facility to lend to commercial banks.
The loans that the fed advances to commercial banks are called the discount loans. Discounts loans are short term in nature and are used to meet liquidity shortfalls. The interest rate that the Fed charge for discount window loans is the discount rate. Banks prefer to borrow from other banks because it is cheaper. If a bank cannot get funds from other banks, the discount loans serve a source of funds to the bank.
A payday loans are small, short-term unsecured loans, which are taken by the borrowers to cover ordinary living expenses and daily needs. These loans are in small amount but the charges and fees are higher as compared with the traditional loans.
Hence the given statement “Payday loans incur fewer fees and expenses than traditional loans” is False.
The answer is False.
Answer: Extension and strengthening becomes more important than creating new brands
Explanation: E-commerce (electronic commerce) is a term used in the trade and commerce to describe the trading or commercial activities driven by electronic systems such as internet, social media etc,this type of commerce or trade is technologically driven. It is made up of the following stages
Stage 1 : involves the initial starting and it is characterized by a fast growth.
Stage 2: PLATEAUING GROWTH OR CONSOLIDATION OF GROWTH IS CHARACTERIZED BY THE LEVELING UP OR STABILISATION OF GROWTH AFTER THE INITIAL FAST GROWTH EXPERIENCED IN THE FIRST STAGE. In this stage, Extension and strengthening becomes more important than creating new brands.
Stage 3: Renewed growth characterized by the implemention of changes both platforms or systems, characteristics, resources and procedures etc.
Answer:
$26,036.74
Explanation:
Tom is able to pay $390 per month for 7 years. The interest rate is 6.8 %. Tom will pay an equivalent of the present value of a $390 annuity for & years 6.8 per cent
The applicable formula is
PV = P × 1 − (1+r)−n
r
Where PV is the present value
P is 390
r is 6.8% per year or 0.005666
n is 7 year or 84 months
PV = $390 x 1-(1+0.005666)84
0.00566
PV = $390 x 1- 0. 622133410)
0.00566
PV =390 x (0.37786659/0.00566)
PV = $390 x 66.760
PV = $26,036.74
Out of the following choices given, the term that describes the seller's ability and desire to seel good and services is called demand. The answer will be B.
