Answer:
The correct answer is D. The international banking system consists of a network of world economic institutions.
Explanation:
The international banking system is a group of banks, financial associations, international economic groups and financial control authorities that, representing private interests and nations and through the signing of various treaties and agreements, regulate banking and financial activity both in the public and private spheres, affecting not only the economies of the different countries but the investment and development possibilities of billions of people. In general, the largest investment banks worldwide (such as JP Morgan Chase, HSBC, Wells Fargo, etc.) and the central banks of the different nations are part of this system, which in turn has the IMF and the World Bank, among other international organizations.
Answer:
1. more
2. less
3. borrowing
4. past savings
Explanation:
It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend <u>more</u> than they earn, while older adults tend to spend <u>less</u>. To accommodate their spending habits, young adults tend to rely on funds raised from <u>borrowing
</u>. Retired adults, in contrast, tend to rely on <u>past savings</u> to cover the frequent shortage between their current expenditures and their current incomes.
Answer:
B)The cost of energy for a company can be both a fixed cost and a variable cost.
Explanation:
Energy is a fixed cost because it is an utility that companies have to pay regardless of the level of production; they need energy to function.
Energy is a variable cost because energy is an input to production, and the amount of energy used (and hence its cost) can vary a lot depending on how much output is produced. In the question, ethanol is referenced, which is also a type of variable cost, because it is an energy source that depends on another input (corn), and its used as a substitue for gasoline.
