Answer:
C ) central bank.
Explanation:
Central bank is also known as banker's bank or bank for commercial banks. They are custodians of cash reserves of commercial banks and lenders too. Commercial banks also store a percentage of it's deposit with commercial banks.
It addresses the Tangible building block, but also touches on Reliability.
Answer:
The correct answer is C. standard of living is ultimately determined by long-term growth.
Explanation:
The long-term path for economic growth is a fundamental issue of the study of the economy. The increase in the GDP of a country is usually considered as an increase in the standard of living of its inhabitants. Over long periods of time, even small annual growth rates, can have a significant effect. Thanks to its conjugation with other factors.
An annual growth rate of 2.5% would lead to GDP doubling over a period of 30 years. While an annual growth rate of 8%, it would lead to the same phenomenon in a period of only 10 years. Example: Some countries like Asian tigers. When a population increases to see improvements in living standards, GDP has to grow faster than that population. This analysis seeks to understand why there are very different rates of economic growth in some regions of the world.
Answer:
Total income: $4,000
Other (22%) = $4,000 * 0.22 = $880
Rent (33%) = $4,000 * 0.33 = $1,320
Savings (25%) = $4,000 * 0.25 = $1,000
Utilities (8%) = $4,000 * 0.08 = $320
Groceries (12%) = $4,000 * 0.12 = $480
How much more money does Andre budget for savings than for groceries and utilities?
As seen above, Andre spends $800 in groceries and utilities ($320 + $480), and he sets aside $1,000 for saving, so he budgets $200 more for this purpose.
