Answer:
12.5
Explanation:
Money multiplier gives the maximum amount money supply can increase to given the reserve ratio
Money multiplier = 1 / r = 1 / 0.08 = 12.5
All of the following are permitted investments in individual retirement accounts except commodity futures.
<h3>What is commodity futures?</h3>
Contracts for the purchase or sale of commodities at a predetermined price and on a specific date in the future are known as commodity futures contracts. Along with financial instruments and currencies, commodities also include things like metals, oil, grains, and animal goods. With a few exceptions, trading in futures contracts must take place on a commodity exchange's trading floor.
The federal government agency that oversees the trading markets for commodity futures, commodity options, and commodity swaps is called the Commodity Futures Trading Commission (CFTC). The National Futures Association (NFA), the independent regulator for anyone who trades futures with the public, requires registration from anyone who advises futures traders or engages in futures trading.
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Answer:
Raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.
Explanation:
To prevent inflation, Lilliput's government should raise the income tax, which gives citizens less money to spend and buys more services from a civilian-owned business, which creates more jobs.
In this way, it can increase employment and reduce consumer spending which in turn will prevent inflation.
Answer:
How much money will you need to have at the moment you retire?
How much money do you need to save every year before retirement?
Explanation:
we have to first determine the amount of money you need to finance your retirement distributions:
using the annuity due present value formula, PV = annuity payment x annuity due factor (PV, 8%, n = 40)
PV = $100,000 x 12.87858 = $1,287,858
now we must use the ordinary annuity future value formula, FV = annuity payment x annuity factor (FV, 8%, n = 40)
annuity payment = FV / annuity factor = $1,287,858 / 259.057 = $4,971.33
