Answer:
Both mutual funds and money market funds are similar in the sense that they pool money from several investors in a variety of instruments. The difference is that money market funds pool the money in very liquid, short-term securities, while mutual funds do the same but in less liquid, longer-term securities.
The 63-year-old neighbor should therefore split the money around 60/40, 60% of the funds for mutual funds, in order to have long-term security, and 40% in the money market funds, in order to have quick cash available when needed.
Answer:
No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).
Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.
Oral contracts is a spoken agreement between two parties that may be legally binding.
Breach of oral contract can be hard to prove since it is not written down.
An oral agreement between family members is not enough to be considered a contract.
Explanation:
When the government decides to increase its spending by $3 billion, Over time, the real GDP increased by $12 billion. The expenditure multiplier is 4.0. Hence, Option C is correct.
<h3>What is the expenditure multiplier?</h3>
With the help of the expenditure multiplier, one can see the impact of the changes that have occurred in autonomous spending. This will be calculated on the total spending and aggregate demand in the economy.
An illustration for better understanding is here:
Expenditure multiplier = Change in real GDP / Change in spending
Expenditure multiplier = 12 / 3
Expenditure multiplier = 4
Thus, the expenditure multiplier is equal to 4.0. Option C is correct.
Learn more about expenditure multiplier from here:
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Answer:
2.88%
Explanation:
Use the following formula to calculate the real rate of return
Real rate of return = 
Where
Nominal Interest rate = 7% = 0.07
Inflation rate = 4% = 0.04
Placing values in the formula
Real rate of return = 
Real rate of return = 
Real rate of return = 1.0288 - 1
Real rate of return = 0.0288
Real rate of return = 2.88%
Answer:
the current portion of the income tax expense is $40,986
Explanation:
The computation of the current portion of the income tax expense is shown below:
= Taxable income × enacted tax rate
= $151,800 × 27%
= $40,986
hence the current portion of the income tax expense is $40,986
We simply applied the above formula
