1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SpyIntel [72]
2 years ago
8

When a person is authorized by the principal to transact all affairs in connection with a particular type of business or trade o

r to transact all business at a certain place, that person is a __________ agent.
Business
1 answer:
yawa3891 [41]2 years ago
6 0

Answer:

General agent

Explanation:

A general agent is a person that the principal authorises to perform transactions in relation to a part business on a certain place.

A general agent can perform all acts in relation to a business that has been assigned by the principal. For example in real estate when an agent performs property management functions for his client he is acting as a general agent.

On the other hand a special agent is one that is employed by a principal to perform a specific task or job and his scope of responsibility is limited to that job function.

You might be interested in
The perfectly price-discriminating monopolist is like the __________ in this regard.
Nadusha1986 [10]

Answer:

The correct answer is perfectly competitive firm.

Explanation:

The discriminating monopoly of prices is that where each unit of the product is placed at a different rate. That is, the seller charges each customer differently, depending on various factors such as the budget constraint.

The marginal income curve of the monopolist that can discriminate perfectly is exactly the same as its demand curve. The level of production maximizing the benefit of the benefit is Q *, which is the one in which the CMC curve is cut and the demand, the economic benefit (II).

8 0
3 years ago
You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay yo
IRISSAK [1]

Answer:

Second National  Bank

Present value (PV) = $5,400

Future value (FV) = $13,900

Interest rate (r) = 10% = 0.10

FV = PV(1 + r)n

$13,900 = $5,400(1 + 0.10)n    

<u>$13,900</u> = (1.10)n

$5,400            

2.574074074 = (1.10)n

Log 2.574074074 = n  log 1.10

<u>Log 2.574074074</u> = n  

Log 1.10                  

n =  9.9 years      

None of the answers is correct                                                                                                                                                          

Explanation:

In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with  the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied                     by 1 plus interest rate, raised to power number of years.                                                                                                                                                                                                        

8 0
3 years ago
A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of?
blsea [12.9K]

A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of 14.29.

<h3>What is reserve ratio?</h3>

The reserve ratio is the percentage of reservable liabilities which commercial banks must keep rather than lend or invest. This is a requirement set by the country's central bank, which is the Federal Reserve in the United States. It is also referred to as the cash reserve ratio.

Some key points related to reserve ratio are-

  • The reserve requirement is the minimum amount of deposits that a bank must hold, and it is sometimes used interchangeably with the reserve ratio.
  • Regulation D of the Federal Reserve Board establishes the reserve ratio.
  • Regulation D established uniform reserve requirements with all deposit accounts with transaction accounts and necessitates banks to provide the Federal Reserve with regular reports.
  • Suppose the Federal Reserve determined that the reserve ratio should be 11%. This means that if a bank has $1 billion in deposits, it must keep $110 million in reserve ($1 billion x.11 = $110 million).

To know more about reserve ratio, here

brainly.com/question/13758092

#SPJ4

3 0
1 year ago
Boiler rooms with slick telemarketers offered full physicals for a little or no fee. this free diagnostic service turned out to
scoundrel [369]
<span>Information was used to file claims against insurance companies and government insurance, patients were pushed to take out loans to cover services, patients' credit card information was obtained and card companies were billed, patients were required to furnish bank information and electronic checks were processed by financial institutions.</span>
4 0
3 years ago
Which of the following is NOT a factor affecting the cost of insurance?
Yakvenalex [24]

Answer:

compitition of the bussiness

8 0
2 years ago
Other questions:
  • Packages arrive at a facility at a rate of 30 per hour and are processed continuously at a rate of 25 per hour. The facility is
    8·1 answer
  • Kelly and tim jarowski plan to refinance their mortgage to obtain a lower interest rate. they will reduce their mortgage payment
    15·1 answer
  • Kelly's kitchen, a restaurant, strives to improve its customer service and makes sure that its customers enjoy the food and ambi
    5·1 answer
  • A new non-profit organization that rehabilitates wild animals begins speaking with regional wildlife management offices to find
    6·1 answer
  • Small differences in growth rates can create large differences in income levels because of:
    15·1 answer
  • Every year 3 Managers are promoted to Partner level.
    5·1 answer
  • The payment represents rent for the years 2022 and 2023, the period covered by the lease. Kraft Company is a cash basis taxpayer
    11·1 answer
  • A credit-card company hires telemarketers to call customers to try to entice them to sign up for a new credit card. The telemark
    12·1 answer
  • The December 31, 2020 balance sheet of Barone Company had Accounts Receivable of $400,000 and a credit balance in Allowance for
    6·1 answer
  • A good investment should do one or both of which two things? a. grow in value or produce income b. raise prices or increase dema
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!