Answer:
In fact these loans are basically short term loans which do not require any collateral pledging to get its approval. ... Instead, the criterion for availing these loans is very simple.
Scarcity exists because people's wants for goods and services are greater than the number of products that can be made from available resources
a credit unionis a financial institution that is owned and controlled by its members rather than shareholders. The members of the credit union pool their deposits and provide loans and other financial services to each other.
If Baldwin currently pays his employees with $50/hour and he promised to give an additional performance bonus of 0.25% if the productivity goals are reached. Assuming that he has 500 employees, he needs to pay his employees:
$50 * (1+0.0025) = $50.125/hour will be the new rate of each employee,
if he has 500 employees:
500 * $50.125 = $25,062.50
He has to pay a total of $25,062.50 per hour in total.
Amount of time is the answer
