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
horsena [70]
3 years ago
5

When interests rates are low, spending deceases. True or false?

Business
2 answers:
Andre45 [30]3 years ago
6 0

Answer:

False

Explanation:

When interests rates are low the more willing people are to borrow money to make big purchases, such as houses or cars. When consumers pay less in interest, it gives them more money to spend.

const2013 [10]3 years ago
3 0

Answer:

False, when interests rates are low, spending increases because more people are willing to spend more money to make big purchases on items such as cars or homes.

You might be interested in
In January of 2015, the appropriate construction cost index had a value of $3,260. In January of 2005, the value was $1,746. In
Dennis_Churaev [7]

Answer:

11.63 million dollar

Explanation:

In 2005 the construction cost index was 1746 , in 2015 , it was 3260.

change in index in 10 years  = 3260-1746 = 1514

change in 5 years ( estimated ) = 757

Estimated index in 2010 = 1746 + 757

= 2503

Estimated index in 2020  = 3260 + 757

= 4017

Value of building in 2010 = 1746 million dollar

Value of similar building - X

X / 1746 = index in 2020 (probable ) / index in 2010

X / 7.25 = 4017 / 2503

X = 11.63 million dollar

8 0
2 years ago
On October 1st Joe charged $900 to his credit card, on October 10th he charged another $1,300 to his credit card, and on October
poizon [28]

Answer:

interest expense for October $ 27.25

Explanation:

       900

+  1,300 x 20/30

<u> +     100 x 15/30    </u>

1,816.67 average balance

Now we multiply this average balance by the interest rate of the credit card:

1,816.67 x 0.18/ 12 = 27.25

4 0
3 years ago
Each unit requires 2 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials i
ycow [4]

Answer: Budgeted Raw Material to be consumed in July.

Quantity         Price per pound             Total

10,200                 $6                             $61,200

Explanation:

As for the information provided, the material at month end in hand shall be:

20% of upcoming month's sale.

If in June at month end, the inventory in hand = 2,040 pounds of raw material.

Then, this represents 20% of total requirement of July.

Therefore, total requirement in July = \frac{2,040}{0.20} = 10,200\ pounds

This basically means:

Total inventory required =

Quantity         Price per pound             Total

10,200                 $6                             $61,200

5 0
2 years ago
The law of diminishing marginal utility:_______a) allows us to make interpersonal utility comparisons. b) tells us that an addit
Reika [66]

Answer:

A) allows us to make interpersonal utility comparisons.

7 0
2 years ago
Read 2 more answers
In each succeeding payment on an installment note:
Serggg [28]

Answer:

In each succeeding payment on an installment note:

b. The amount that goes to interest expense decreases.

Explanation:

With each installment settled, the principal amount will continue to reduce and as a result, the amount that will be recognized as interest expense will also decrease.  This is because the interest expense is calculated based on the principal amount, which is decreasing with each installment.  The interest expense for a previous period will not be the same for the future period.

5 0
3 years ago
Other questions:
  • Which option will send a response to everyone who received the original message?
    10·1 answer
  • Calculate the Marginal Utilities and Marginal Rate of Substitution for each of the Utility functions below. (Remember, marginal
    7·1 answer
  • A review of Munchen Corporation's financial statements reveals the following information: cost of goods sold: $100,000; decrease
    13·1 answer
  • Employee morale, timeliness of delivery, and the reactions of customers are examples of nonfinancial factors that should be cons
    14·1 answer
  • The economy is growing far too quickly, as high aggregate demand is causing inflation. a. What fiscal policy should be pursued i
    14·1 answer
  • Azeem is considering the various options available to him to promote an energy drink, Turbozade, that has decreasing sales volum
    6·1 answer
  • Nabor industries is considering going public but is unsure of a fair offering price for the company. The firm's CFO has gathered
    14·1 answer
  • Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store ea
    6·1 answer
  • Financial statements of Rukavina Corporation follow:
    6·1 answer
  • On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 an
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!