Answer: I think the answer is D
Explanation: Credit cards can give amounts that you put on there because the technology is connected to your bank account. It is good to have a limit to your credit card or otherwise you overspend and be in overdebtness later. And also you could get ripped off and overcharged with items purchased by card.
The answer is D.
this is because principles are the total amount of money borrowed or invested.
Answer:
no surplus or shortage
Explanation:
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
If demamd increases by 100, new equilibrium is 40
Thus, ceiling price equal equilibrium
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Effects of a binding price ceiling
It leads to shortages
it leads to the development of black markets
it prevents producers from raising price beyond a certain price
It lowers the price consumers pay for a product. This increases consumer surplus
Answer:
4.23%
Explanation:
For computing the rate of return on the fund, we need to do following calculations
1. The fund after deducting the front-end load is
= $21,600 - $21,600 × 4%
= $21,600 - $864
= $20,736
2. Now number of bought is
= $20,736 ÷ $18 per share
= $1,152
3. The closed NAV is
= $18 + $18 × 10%
= $18 + $.8
= $19.8
4. So, the end year asset value is
= Closed NAV × number of shares bought
= $19.8 × 1,152
= $22,809.60
5. Now the year end investment value after considering the expense ratio is
= $22,809.60 × (1 - 1.3%)
= $22,513.0752
6. Now the rate of the return is
= ($22,513.0752 - $21,600) ÷ ($21,600)
= 4.23%
