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3 years ago

Select one of the statements about financial literacy that are not true.

Business

2 answers:

aleksley [76]3 years ago

8 0

All of the answers need to be selected.

wolverine [178]3 years ago

4 0

One reason to become financially literate is to make you rich.

Financial literacy, though extremely valuable, will not necessarily make you rich. Financial literacy is a tool for helping you make more more informed, more accurate financial decisions, which may save you money and will increase your knowledge of money and other financial topics. It may not increase your wealth to make you rich because this depends on a number of other factors, independent of the tools and resources provided by financial literacy.

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Assume that when the price of cantaloupes is $2.50 the demand for cantaloupes is unit-elastic, and that the demand curve for can

Maru [420]

Answer:

The correct answer is option A.

Explanation:

The demand for cantaloupes is unitary elastic at price level $2.50. The demand curve here is linear and downward sloping. The elasticity of demand is 1.

In this linear demand curve the lower portion will represent inelastic demand.

When the price level is reduced to $2 the demand will move to the lower portion of the curve, with fall in price and increase in demand.

So, at $2 price the demand will be inelastic, which means it will be between 0 and 1.

4 0

4 years ago

Part 1: Multiple Choice

n200080 [17]

Answer:

1.)a

2.)b

3.)c

4.)c

I think this could be the answer

4 0

3 years ago

Consumers' differing tastes are one reason why monopolistic:____.

ikadub [295]

Answer:

d) competitors are similar to monopolists.

Explanation:

Monopolistic competition refers to a condition of the market in which it connects with various irms that are closely linked to each other but sell distinct products.

Also, there is free entry and exit in this market

In case when consumer taste and preferences are different so the monopolistic competitors are the same as the monopolist

hence, the correct option is d.

5 0

3 years ago

Coupon Rates [ LO2] Nikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value

Mariana [72]

The coupon rate on the bonds of $1,000 par value, selling at $962 and with a bond's yield of 5.1% at this price, is <u>4.91%</u>.

<h3>What is the coupon rate?</h3>

The coupon rate is the annual payment divided by the face or par value.

The coupon rate represents the annual yield that the investor in a bond receives.

<h3>Data and Calculations:</h3>

N (# of periods) = 8 years

I/Y (Interest per year or Yield) = 5.1%

PV (Present Value or Price) = $962

FV (Future Value) = $1,000

<h3>Results:</h3>

Annual PMT = $49.06 ($962 x 5.1%)

Coupon rate = 4.91% ($49.06/$1,000 x 100)

The coupon rate on the bonds of $1,000 par value, selling at $962 and with a bond's yield of 5.1% at this price, is <u>4.91%</u>.

Learn more about coupon rates at brainly.com/question/25596583

7 0

2 years ago

Shareholder of c corporation receiving property distribution must recognize dividend income equal to the fair market value of th

erastovalidia [21]

Answer:

True

Explanation:

The dividends to be recognized are always for the amount they are given in cash, but in case of property dividends, the dividends are to be recognized at fair value of the property distributed.

This is in accordance with GAAP.

There is no recognition based on book value or carrying value of the property distributed as do not represent the net exchange value of the property.

Therefore, the statement is TRUE

4 0

3 years ago