Hey there,
The answer to your question is False
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Answer:
sadasd asdaddsa sdaddas asdadsasd asddas sadad asda asdas asdads sadasd asdad adasd adasd
Explanation:
Options:A) Present value of a single amount
B) Future value of a single amount
C) Simple interest
D) Present value of an annuity
E) Future value of an annuity
Answer:B) Future value of a single amount.
Explanation: Future value of a single amount is an accounting concept used to describe how much a single lump sum of money deposited in a bank account would have grown up to after a given period of time. Future value of a single amount can be obtained by
multiplying the principal(P)*the interest rate(I) * time(t) The interest rate is expressed as a decimal.
The FV = P(1 + rt).
Future value of a single amount is usually used in calculating the total accrued amount of fixed deposits accounts,it is a single period investment.
Gold standard is the variable of currency based on the price of gold. The value of the currency was defined in terms of gold and the currency could be exchange. This standard has been abandoned last 1930s during the Depression.
Answer:
c. Yes, because real income may fall if price increases are proportionately greater than the increases in nominal income
Explanation:
Nominal income is earning or income that has not to be adjusted for inflation. Inflation is a general increase in prices. Inflation reduces the purchases power of a currency. If the rate of inflation is higher than the rate of growth in incomes, workers will experience a decline in incomes.
For teachers to have an increase in real income, the rate of salary increment must be higher than the rate of inflation. Should the rate of salary increment be lower than rate at which prices are increasing, teachers will have reduced standards of living.