Answer:
Fixed
Explanation:
The government keeps the exchange rate FIXED the the same rate.
Answer:
0.2840 or 28.40%
Explanation:
The formula for EAR= (1 + i/n)^n - 1
Where i= stated interest rate
n= number of compounding periods
In this case since the interest he paid is 1 cent, to convert it into percentage, we divide it by the dollar and multiply by 100
Note: 100 cent = 1 dollar
Therefore 4 dollars= 400 cents
To get the Interest rates= 1/400 x 100
= 0.25
n= 365 since we are computing daily
(1 + 0.25/365)^365 - 1
(1 + 0.000685)^365 - 1
(1.000685)^365 - 1
1.2840 - 1
0.2840 or 28.40%.
Answer:
in Texas, the amount of oil and natural gas produced together with the market price determines the amount of tax to be generated.
Answer: All of the above are problem with the plan.
Explanation:
If a Government rapidly increases the money supplied into an economy, it leads to inflation.
This is because as the citizens of a country get more money at a very short interval, they would tend to demand for more items in the market, the increase in demand would directly lead to an increase in price which is an inflation.
Therefore minting extra money may pay the soldiers but negatively affect the economy as price of commodities would increase.
The bad debts expense signifies the straight write off of
the bad accounts which is the $20,000 along with an increase in the allowance which
is an approximation of the bad accounts to be written off in the future which
is the $3,000. The growth in the allowance account cannot be subtracted.
