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uysha [10]
1 year ago
5

An interest rate that reflects the return required by a lender and paid by a borrower, expressed as a percentage of the principa

l borrowed.
a. true
b. False
Business
1 answer:
fiasKO [112]1 year ago
6 0

An interest rate that reflects the return required by a lender and paid by a borrower expressed as a percentage of the principal borrowed is the Annual percentage rate.

Therefore, the statement given is True.

The annual percentage rate is the yearly cost of a loan to a borrower, including fees. The APR is a percentage that is expressed much like an interest rate. However, unlike an interest rate, it also includes other costs or fees such as mortgage insurance, the majority of closing costs, discount points, and loan origination fees. The cost of borrowing money annually, including fees, is stated as a percentage called the annual percentage rate. The APR is a more comprehensive indicator of how much borrowing money will cost you because it includes both interest rates and application costs.

The annual percentage rate (APR) represents the cost of borrowing money. Compared to the interest rate alone, it provides a more accurate picture of a loan's cost. It contains extra costs in addition to the interest rate and discount points. Although all expenditures aren't taken into account, lenders must use the same costs to determine the APR.

Learn to know more about the Annual percentage rate on

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(Scenario: Assets and Liabilities of the Banking System) According to the Scenario: Assets and Liabilities of the Banking System
Phantasy [73]

If the banking system does NOT want to hold any excess reserves,  $250,000 will be <u>added </u>to the money supply.

<h3>What is an excess reserves?</h3>

Excess reserves is known to be the capital reserves that is said to be held by a bank or financial institution and it is one that is too much or is in excess of what is needed by regulators, creditors, or others.

Since there is  $25,000 worth of U.S. Treasury bills, one will multiply it times 10 = $250,000

Therefore,  If the banking system does NOT want to hold any excess reserves,  $250,000 will be <u>added </u>to the money supply.

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7 0
2 years ago
A(n) ________ is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance o
sammy [17]

Meritocracy is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance of succeeding economically or a political philosophy stating that power should be vested in individuals based on their hard work and skills.

 





5 0
3 years ago
A manager from another restaurant says to you, "I’ve heard that Barcelona has a three-step hiring process. Candidates first have
SpyIntel [72]

Answer:

Both steps give candidates a realistic preview of the job.

Explanation:

When a manager from another restaurant says to you, "I’ve heard that Barcelona has a three-step hiring process. Candidates first have an interview in which Scott does most of the talking, and then they visit Barcelona restaurants and record their impressions. This seems like a lot of work. The basic purpose and logic behind these two steps is to give candidates a realistic preview of the job. With the help of these two steps in which candidates first have an interview with Scott and then visit Barcelona restaurants to get their impressions recorded, candidates can have a realistic, practical and genuine preview of the job. Candidates can come to know about the expectations which they can have from the job and the reality so they will not be surprised and shocked at all if their expectations does not meet the actual job's conditions and specifications.

7 0
3 years ago
If the last data point in this chart is the accumulated total (1258), what will you do to set up the chart properly?
KATRIN_1 [288]

Right click the last data point and select "Set as Total"

<h3>What is accumulated total?</h3>

A running total stands for the summation of a sequence of numbers that exists updated each time a new number stands added to the sequence, by adding the value of the new number to the prior running total. Another term for it exists as a partial sum. The objectives of a running total exist twofold. Accumulated value, also directed to as accumulated amount or cash value, exists computed as the sum or total of the initial investment, plus interest earned to date.

A chart exists as a graphical representation for data visualization, in which "the data is described by symbols, such as lines in a bar chart, lines in a line chart, or slices in a pie chart". A chart can illustrate tabular numeric data, functions, or some types of quality structure and provides various info.

Right click the last data point and select "Set as Total".

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5 0
2 years ago
What is the purpose of the sherman antitrust act
tamaranim1 [39]
To destory monopolies that were using their power to harm society.
7 0
3 years ago
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