Answer:
b. complement goods
Explanation:
Complement goods -
These are the type of goods , that are related to each other in a certain manner , is referred to as complement goods.
These type of good are also referred to as paired goods or associated goods .
In case of complement goods , if a person buys first good , then he might require the second good too.
These goods can even alters the prices of each other .
For example ,
people buying a CD player , need to buy the corresponding CD too , and hence ,
CD player and CD are complement goods.
Hence , from the given scenario of the question,
The correct option is b. complement goods .
A complementary good is a good whose use is related to the use of an associated or paired good. Two goods (A and B) are complementary if using more of good A requires the use of more of good B.
Answer:
A. $50 in required reserves.
Explanation:
Required reserve is a reserve amount which is required by the regulatory authority to a bank to maintain as a percentage of total deposit. Sometimes the bank reserve extra amount above the requirement to deal with any abnormal transaction. This value is known as the excess reserves.
As per given data
Deposits = $500
Reserves = $200
Required Reserve ratio = 10 percent
Required reserve = Reserve required / Total Deposit
0.1 = Reserve required / $500
Reserve Required = $500 x 0.1
Reserve Required = $50
Excess reserve value = Actual Reserve - Required reserve = $200 - $50 = $150
Answer:
$26
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
(2.5 x 1.04) / ( 0.14 - 0.04) = $26
Answer:
By knowing your topics and/or doing concrete research on the internet at the same time you are integrating good teaching/communication skills to answer the question.
Explanation: