Base on my research this type of argument is baseless but it depends on the 100% free enterprise market system. With this system, the government doesn't have regulatory powers to protect the interest of the consumers from the financial institutions. In a situation that without the interest rate modulation, the rate charged on loans could be 40% while the rate paid on savings could be 1%. If this happens the financial institutions will not have to pay FDIC insurance to ensure the solvency of the overall system.
Jim is doing what is<u> legally </u>right by providing this information to Samantha and Bethany.
<h3><u>The Truth in Lending Act (TILA): What Is It?</u></h3>
A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.
Learn more about The Truth in Lending Act (TILA) with the help of the given link:
brainly.com/question/7696024?referrer=searchResults
#SPJ4
Answer:
The second year’s depreciation for this equipment using the straight line method is 8,500
Explanation:
Depreciation: Depreciation is a decreasing value of the assets due to the tear & wear, obsolescence, usage,etc.
The formula to compute the depreciation under straight lie method is shown below:
= ![\dfrac{(original\ cost - salvage\ value)}{useful\ life}](https://tex.z-dn.net/?f=%5Cdfrac%7B%28original%5C%20cost%20-%20salvage%5C%20value%29%7D%7Buseful%5C%20life%7D)
= ![= \dfrac{(\$100,000 - \$15,000)}{10}](https://tex.z-dn.net/?f=%3D%20%5Cdfrac%7B%28%5C%24100%2C000%20-%20%5C%2415%2C000%29%7D%7B10%7D)
= $8,500
The depreciation amount under straight line method should remain same over the estimated useful life
So, the second year’s depreciation for this equipment is $8,500
<span>Inflation is good because it keeps the economy growing as wages increase and demand for goods goes up, but if inflation gets high then the economy can become overheated when prices go up too fast and people can't afford goods. The Federal Reserve Bank, if you're in the USA, will then raise interest rates to make loans more expensive and rewarding people for not spending money, which slows down the economy back to a healthy state.</span>
Answer:
The yields are perhaps the most unpredictable for the small cap fund since the securities in this account are the most risky. It does not mean that the fund is awful, only that the danger is greater, and thus the overall return is greater.If you are prepared to accept the extra risk in expectancy of a greater return, you should like to put money in this fund. The increased costs for this Fund will be anticipated.Small cap funds typically have higher spending due largely to greater operating costs, along with lower resource analysis.