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Eddi Din [679]
3 years ago
10

In many​ countries, people hold money as a cushion against unexpected needs arising from a variety of potential scenarios​ (e.g.

, banking​ crises, natural​ disasters, health​ problems, unemployment,​ etc.) that are not usually covered by insurance markets. Explain the effect of such a behavior on the precautionary component of the demand for money.
Business
1 answer:
RoseWind [281]3 years ago
7 0

Explanation:

precautionary demand for money is classified as money that are held to cover for unforeseen occurrence e.g, an accident or illness.

It should also be noted that:  The amount of money held for such purposes is broadly dependent on the level of income and expenditure.

With more income the precautionary demand will increase because there are more likely to be surprises in the timing or magnitude of the correspondingly high expenditures

A higher rate of interest represents a higher opportunity cost of holding money for any reason, including the precautionary reason, and so leads to lower precautionary holdings.

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daser333 [38]

Answer:

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Explanation:

A Privacy Policy

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Privacy laws in the world simply collect personal information from the website visitors, it is usually available with your mobile app. There has been no power put in place or statutes that require websites to have or disclose a privacy policy.

3 0
2 years ago
How does panera bread attract customers? why do customers not mind paying more for panera bread's food?
tigry1 [53]
I think it's that their commercials attact people with their food and the famous people using the food to hype it
4 0
3 years ago
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Suppose Chef Kitchen manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 28 . Chef Kitchen project
Lerok [7]

Answer:

production schedule for July = 815 10-inch skillets

Explanation:

price of 10-inch skillet $28

projected sales 625 units

costs:

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  • direct labor $3
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beginning inventory 60 units

ending inventory 40% of August sales

production during July = (projected sales - beginning inventory) + (40% x projected sales August) = (625 units - 60 units) + (40% x 625 units) = 565 units + 250 units = 815 10-inch skillets

6 0
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What are primary and secondary markets?
kotegsom [21]

Answer:

Explanation:

The primary market is the market in which the new securities like bonds, stocks, etc are offered to the general public for the first time or we can say Initial public offer.

The initial public offer is an example of the primary market .

On the other hand, the secondary market is that market in which the securities are purchased or sold through the investors after offering to the general public.  

Example - New York Stock Exchange (NYSE), etc.

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What is a bank savings account?
solmaris [256]
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3 years ago
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