Answer:
Financial intermediaries act as a medium between agent with surplus funds and agents in need of funds.
Explanation:
Financial intermediaries are a type of financial institutions. They perform a number of important functions for the financial market and the economy as a whole. Examples of financial intermediaries are commercial banks, mutual funds, pension funds, etc.
The main function of financial intermediaries is to connect borrowers and lenders. They ensure the flow of funds from surplus areas to deficit areas. Indirectly, they help in economic growth as they provide funds for investment.
Answer:
$ 10,737,418.23
Explanation:
Given:
Amount paid on the first day = $ 0.02
Amount paid on the Second day = $ 0.04
Amount paid on the third day = $ 0.08
number of days, n = 29
also,
the wages is doubling daily
therefore,
The total of the wages for 29 days will be = $ 0.02 + $ 0.04 + $ 0.08 + ....
or we can form the relation as
= $ 0.02 × ( 2⁰ + 2¹ + 2² + 2³ + ........ )
or
= 
or
= 
or
= 
or
= $ 10,737,418.23
Steve started an entrepreneur company called "Like" a data company which provides business data to all the social media sites to base on products.He starts with $1000 and $200 deposited in bank as capital budget, He had expenses $150 is spent on rent, computer, furniture and air-condition as his fixed expenses and $90 on carpenter, fittings and computer services as variable expenses.A month passed by, his expenses were $360 and income was $500 about $140 of profit.He bought 3 more computers on loan for $300 at interest of 12% for 2 years, Budget $50 for investment, $40 on buying equities from financial institution and balance $10 on debt instruments and $15 was withdrawn form bank for personal use.
Explanation:
- Balance amount is the paid amount and<em> </em><em>left over amount</em>.
- Deposit is the amount placed in a <em>particular bank</em>.
- Withdrawn amount taken from the <em>bank</em>.
- Fixed expenses which are on a <em>common basis</em>.
- Variable expenses which is an <em>occurrence at any point in time</em>.
- Profit amount earned after all the <em>net expenses and taxes</em>.
- Interest extra amount paid or received by <em>borrowing or lending</em>.
- Financial institutions buy <em>companies stocks and shares</em>.
- Loan monetary on <em>credit</em> for business,house etc.
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