The desire for a produsct class rather than for a specifik brand is called selective demand
Monopoly. A good way to remember this is that "mono" means "one" so, they are always #1 when it comes to market power.
The amount paid to a depositor for keeping their money in a savings account is called <u>"interest".</u>
You can open different sorts of personal savings accounts with banks, merchants and speculation firms. Savings accounts offer low returns contrasted and most different speculations, however are okay and a decent method to acquire enthusiasm until the point when you are prepared to move assets into higher-return ventures, for example, stocks and bonds.
The interest on every single individual savings accounts is computed as compound interest.
Regular savings accounts normally pay bring down loan fees than those paid by currency market accounts.
