Answer:
$202,200
Explanation:
DINK (double-income no kids): It suggest to add half all the marriage debt to the funeral expenses:
To the funeral expenses you will add half of the debts:
350,000 / 2 = 175,000 for mortgage
18,600 / 2 = 9, 300 for atomobile loan
5,200 / 2 = 2,600 for credit card debt
9,800 / 2 = 4, 900 other debt
funeral exp <u> 10, 400 </u>
<em>insurance: 202,200</em>
Answer:
Dan is the "supplier" of the funds
Explanation:
Given their willingness to lend their money, savers in this marketplace are on the supply side of the economy.
What is the loanable fund market?
The market that connects savers and borrowers is the loanable funds market.
Model of the market for loanable money
To make what occurs in the economy when borrowers and savers interact more understandable, the loanable funds market model is utilized. A modification to the market model for commodities and services is the market model for loanable funds. In this hypothetical scenario, the exchange of money takes the place of a good and the interest rate replaces the price. In essence, it describes how loans are made and borrowed money is exchanged between borrowers and lenders.
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Answer:
The correct answer is letter "D": FICA.
Explanation:
The FICA (<em>Federal Insurance Contributions Act</em>) is a U.S. law that requires a paycheck deduction to be paid to <em>Social Security</em> and <em>Medicare</em>. Employers and employees share half the payment unless an individual is self-employed meaning the full amount must be covered by that person.
Answer:
The correct answer is:
- Conduct monetary policy;
- Ensure that the financial system is stable;
- Provide banking services to commercial banks, depository institutions, and the federal government.
Explanation:
A central bank is the apex monetary authority in a country. It plays several crucial roles in the smooth working of the economy.
- A central bank issues currency on behalf of the government.
- It formulates monetary policy on behalf of the government.
- It acts as a banker for the government.
- It acts as a banker for commercial banks.
- It supervises all financial institutions.
The role of providing services to businesses and consumers is played by commercial banks. Fiscal policy is formulated by the government. The responsibility of ensuring the growth of the economy also falls with the government.
