Answer:
$4,043,232.85
Explanation:
First we have to compute the present value which is attached in the spreadsheet
Given that,
Future value = $0
Rate of interest = 7%
NPER = 15 years
PMT = $475,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $4,326,259.15
No the loan amount would be
= (Present value) ÷ (1 + interest rate)
= $4,326,259.15 ÷ 1.07
= $4,043,232.85
Answer:
The correct answer is: non-bank public increases its holdings of currency outside the banking system.
Explanation:
A currency drain refers to the situation where there is an increase in currency held outside the banking system. When the public holds more money outside the banking system, it reduces the total reserves of the banks. The excess reserves get reduced as well.
The currency gets drained from the banking system, so banks can create less money. This causes a reduction in the money supply.
<h2>Except "shopping cart ads" all the others are examples of place advertising.</h2>
Explanation:
Billboards and bulletins:
Theses are the most impact way of advertising. These are normally huge and kept in vehicular traffic to attract customers.
Transit ads:
In simple terms, transit ads are the advertisement posted or hanged on the moving vehicles ie. in the side or back of bus, van, etc to advertise and attract customer.
shopping cart ads:
Advertisement that are pasted on the shopping cart
posters:
These are large printed pictures
cinema ads:
- Advertisement which are played in the cinema theater
- To attract customer through a big screen.
Answer:
<em>D. To allow consumers and producers to make their
</em>
<em>own decisions</em>
Explanation:
A <em>free-market system</em> is the market form determined by free market forces of demand and supply.
No government intervention takes place in this form of market as in a centrally planned economic system. This non- intervention of the government prevents <em>economic distortions</em> in the system, which is good for the market.
In a <em>free market system</em> the forces of demand and supply, decide the price of the goods and thereby the output adjustments. The consumers are free to decide the demand and producers are free to decide the product the supply of goods.
Hence, it can be said that <em>the purpose of a free-market system is to allow consumers and producers to make their own decisions.</em>