This reflects the philosophy of Andrew Carnegie.
He was a famous businessman, who is actually even now considered to be one of the richest people ever. However, he was a philanthropist as well, having donated over $350 million to various charities. The sentence above was his philosophy.
Answer:
D) Expand the money supply by lowering discount rates and reserve requirements.
Explanation:
By lowering discount rates, the Fed pushes the costs of borrowing money lower. The discount rate is the rate that the Fed applies when it lends money to banks. It has similar effects on interest rates as the fed funds rate. Lowering the discount rate will discourage banks from holding excess reserves. They will want to lend out to households and businesses to earn interests. As they loan out, they are increasing the money supply in the economy.
The Fed instructs banks to maintain a certain percentage of deposits as reserves. Banks cannot loan out the reverse amount. Should the fed lower reserve requirements, banks will have a higher proposition of deposits to loan out. The availability of more credit increases the money supply in the economy.
Answer:
$320 left for me after all taxes have been paid.
Explanation:
Individual Tax is paid on dividend received from the investment in the shares. The corpporation declare the dividend after deducting the corporate tax.
Amount of Earning = Number of shares x Per share earning = 100 shares x $4per share = $400
Earning After tax = Amount of Earning x ( 1 - Individual Tax rate )
Earning After tax = $400 x ( 1 - 0.20 )
Earning After tax = $400 x 0.8
Earning After tax = $320
This implies that the work would take longer as well, making the product cost more