Eagle Bank's 1-year CD became the only account guaranteed to return $22 in interest on a $1,000 deposit because a typical CD earns about 1.5% or less instead of 2.2%.
<h3>What is a CD?</h3>
A certificate of deposit (CD) is a special bank savings account that earns interest on a lump-sum deposit for a predetermined period of time without withdrawals until the due period.
CDs are among the lowest-risk investments as they do not lose value if a bank fails based on the Federal Deposit Insurance Corporation (FDIC) insured guarantee.
Thus, Eagle Bank's 1-year CD became the only account guaranteed to return $22 in interest on a $1,000 deposit because a typical CD earns about 1.5% or less instead of 2.2%.
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Answer:
B. Increase production and thus increase the supply.
Explanation:
As the price of Jeans rises, the Levi Strauss is likely to increase production keeping other factors constant as per the law of supply, where quantity is directly proportional to the price of goods and services. As the price of goods increase, the quantity supply of product also increased by supplier or manufacturer to maximize the profit out of the current market condition.
Answer:
B. price ceiling.
A government policy that sets the highest price that can be charged for a good or service is a price ceiling.
Answer:
pre-bonus income is $33600
Explanation:
given data
bonus = 20% of net income
income before the bonus = $57600
to find out
pre-bonus income
solution
we know pre income bonus is express as
pre-bonus income = bonous + share of income ............1
so bonus = 20/120 × 57600 = $9600
and share of net income = 1/2 × ( 57600 - 9600)
share of net income = $24000
so from equation 1
pre-bonus income = bonous + share of income
pre-bonus income =9600+ 24000
pre-bonus income is $33600
