1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Damm [24]
3 years ago
8

Your bank offers to pay you a 3% interest rate on a one-year fixed-deposit saving account. The inflation rate is expected to be

2% by the end of the year. Which of the following will be true if you decide to keep the money in the bank and the inflation rate turns out to be 4% by the end of the year?
I will be worse off
The bank will be worse off.
Both the bank and I will be worse off.
Neither the bank nor I will be worse off
Business
1 answer:
Lubov Fominskaja [6]3 years ago
7 0

Answer: By the end of the year I would be worst off

Explanation: This is because my savings would shrink ,although an interest is paid on the fixed account, the interest is not increasing at the rate at which the inflation is growing.

At any time savings don’t increase at the same rate as inflation, the owner of the fixed savings account will effectively lose money.

This is because with an increase in inflation comes a reduction in the buying power of an individual.

You might be interested in
in the budget 2013-2014 the government proposed to raise the excise duty on cement. it also proposed to raise the income tax on
podryga [215]

Worried by falling stock prices and plunging sales, cigarette makers are lobbying hard to prevent the government from hiking excise duty for the third straight year. Industry body, The Tobacco Institute of India in its budget submission to the finance ministry has requested the government to maintain the current duty on cigarettes and reduce duty on the smaller size sub-65 mm length filter to Rs 200 per thousand sticks from Rs 669 per thousand cigarettes to allow the industry

5 0
3 years ago
Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.
Bumek [7]

<u>TRUE</u>

<em>Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.</em>

<em><u></u></em>

4 0
4 years ago
Read 2 more answers
Which of the following situations is the demand most likely to be reduced
Kay [80]

Answer:

The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.

3 0
3 years ago
A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured
Dennis_Churaev [7]

A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured as a ________ organization.

A. Functional

B. Balanced matrix

C. Weak matrix

D. Strong matrix

E. Project

A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using<u> Project organization.</u>

Answer: Option E

<u>Explanation:</u>

Projectized or Project organization as the name suggests, focus on the projects and various process related to those projects. Project organization is different from the rest of the organizations in a sense that it works as a separate unit.

In this type of organizational structure the project manager is on the top and he is the sole decision maker regarding all the projects. The rest of the team members report to the project manager, whereas the roles and responsibilities are divided amongst the members.

4 0
3 years ago
2. A company made the following merchandise purchases and sales during the current month
Bezzdna [24]

Answer: You need to subtract the following then add what you have left.

Explanation: For example if you had $300 and you spent 200 you have $100 left

4 0
4 years ago
Other questions:
  • Brand x batteries have a mean life span of 102 hours, with a standard deviation of 6.8 hours. brand y batteries have a mean life
    7·1 answer
  • Daniel's workplace has no structured hierarchy, and all employees are treated equally regardless of their designations or roles
    11·1 answer
  • Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning
    6·1 answer
  • Doug is the vice president of product development for a corporation that makes flavored honey. Doug proposes to the board that t
    7·2 answers
  • The range of S is 74 while that of P is 37 across the two states. What is the hedge ratio of the put
    15·1 answer
  • Tip Top Corp. produces a product that requires 14 standard gallons per unit. The standard price is $6.00 per gallon. If 3,500 un
    14·1 answer
  • Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $308,000, total variable expenses were $215,600, an
    6·1 answer
  • Some club members want to increase membership dues by $7.00.Other club members want to increase them by $3.00.They have reached
    7·1 answer
  • Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
    8·1 answer
  • 2. The case says that Kayem Foods is not meeting its profit targets. Why is it difficult for this firm to make money in this mar
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!