Answer:
D) Federal Funds
Explanation:
Commercial banks are required to maintain reserves with their regional federal banks. For this requirement they have to make regular timely deposits with federal bank.
These deposits constitute federal funds. The Fed utilizes these funds to regulate markets and meet the demand of other market borrowers. Reserve creation with Fed requirements are determined as per the amount of customer deposits each commercial bank gets.
Customers deposit their funds with commercial banks, a proportion of which is deposited by such banks with Federal reserve to meet their reserve requirements.
Answer:
Interest for second year $2,114.08
Explanation:
given data
loan Amount = $40,000.00
Interest rate r = 6.00%
time period t = 7
solution
we get here first Equal Monthly Payment EMI that is express as
EMI = 
................1
here P is Loan Amount and r is rate and t is time period
put here value and we get
EMI = 
EMI = $7165.40
now
we get here interest for second year that is
Closing balance at year 1 = opening balance + Interest - EMI Payment
Closing balance at year 1 = $40,000 + $2400 - $7165.40
Closing balance at year 1 = $35234.60
so Interest for second year $2,114.08
People spend less money; GDP falls
Answer:
<u>(d)True, brokers often have inside information that is generally not available to the public. You should listen to her and profit from her inside knowledge</u>
Explanation:
- A broker is a person who has knowledge and expertise in his field of tradings and takes his commission for the services provided as these brokers also tend to have inside information and the success of the broker for the past five years proves this fact.
- Most of them typically have a formal license and proper training. Most of them are flexible and do dealing with face to face.
