Answer: Prime rate is the interest rate that banks charge their preferred customers, or those with the highest credit ratings.
Answer:
$1,486.29
Explanation:
To calculate Ted's account balance at the end of the month:
First, deduct the checks:
1400 - 350.45 - 200.01 - 11.53 - 68.10 - 177.37 = 592.54
Now, add the deposits:
592.54 + 450 + 450 = 1,492.54
The bank charges him a $0.25 fee for every check. He wrote five checks, so his fee is:
0.25 * 5 = 1.25
Deduct the fee from his account:
1,492.54 - 1.25 = 1,491.29
Finally, deduct the monthly account fee:
1,491.29 - 5 = 1,486.29
The first option is the correct option.
Hope this helps :)
Answer:
$6.5 per share
Explanation:
Given that,
Net income = $6,000,000
Preferred dividend = $150,000
Weighted average number of common shares = 900,000
Angel's Basic earnings per share:
[Net income - Preferred dividend ] ÷ Weighted average number of common shares
= [$6,000,000 - $150,000] ÷ 900,000
= 5,850,000 ÷ 900,000
= $6.5 per share
Policies related to setting interest rates, management of money supply, and the buying/selling of treasury bonds are referred collectively as <u>Monetary policy</u>
Monetary policy is primarily involved with the management of interest rates and the total pool of money in circulation and is generally taken out by central banks, such as the U.S. Federal Reserve.
<h3>What is monetary policy and fiscal policy?</h3>
Monetary policy refers to central bank activities that are headed toward influencing the amount of money and credit in an economy. By contrast, fiscal policy guides to the government's decisions about tax and spending. Both monetary and fiscal policies are used to control economic activity over time
To learn more about Monetary policy, refer
brainly.com/question/13926715
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