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Eddi Din [679]
3 years ago
5

If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was a

bout 3 percent.
a) true
b) false
Business
1 answer:
galina1969 [7]3 years ago
3 0

The given statement " If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was about 3 percent " is TRUE

Explanation:

Though prices doubled during the 23 years, the average annual inflation rate during that time could be inferred by approximately 3 percent.

The average inflation rate in the USA has been 3% over the last 100 years. That said, in measuring shorter periods starting in the 1950s, the average rates are much higher.

Many financial experts working with pending pensioners emphasize the importance of contributing to pension scheming an average inflation rate. Since inflation will reduce the value of savings considerably, it is important to determine how and when this powerful economic phenomenon will affect the savings.

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Modesto broker Killian Johnson has just received a money deposit and the related instructions from the buyer, Luis Alverez. Whic
jeka57 [31]

Answer: B. Deposit into Killian's account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.

Explanation: A broker is a person or organisation who acts in the place of a principal to transact business with a potential customer. a broker is responsible to his or her principal which means he or she or even if its an organisation receives instructions on how to dispose off certain item.

In an agent/broker and a principal relationship, the principal is the owner of the sum of money paid,hence Killian does have to pay into his account and figure his commission by himself, it is to be done by the principal who will eventually pay for the agreed commission to Killian the agent.

6 0
3 years ago
The population of a country has a relative growth rate of 3% per year. The government is trying to reduce the growth rate to 2%.
Murrr4er [49]

Answer:

185,023,041

Explanation:

Given,

The original population of the country, P = 110 million,

Growth rate, r = 2% = 0.02,

Number of years from 2011 to 2037,

Time, t = 26 years,

Hence, the projected population would be,

A=Pe^{rt}

=110e^{0.02\times 26}

=110 e^{0.52}

=185.023041467\text{ million }

=185023041.467

\approx 185023041

8 0
3 years ago
What is the largest type of financial institution ?
Alecsey [184]
1.) Commercial Bank
2.)Advisory Firms
3.)Mutual Funds
4.)Insurance Companies
7 0
2 years ago
When will the Social Security fund dry up at its current level?
gulaghasi [49]

2042 will be the year the fund drys up, based on its current level.

6 0
3 years ago
Which of the following would tend to shift the supply of dollars in the market for foreign-currency exchange in the open-economy
scoundrel [369]

Answer:

The right answers are either b. or d., or both.

Explanation:

When the dollar loses value, there is higher demand for foreign imports in a country because they become cheaper. When the dollar gains  in value, a foreign country´s exports increase. Changes in the value of currencies reflect changes in demand and supply. An increase in exports will shift the demand curve of the dollar higher. A reduction of imports will have a contrary effect.

5 0
3 years ago
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