Answer: A. December 31, 2018
Explanation: RMD also known as required minimum distribution is a withdrawal one has to take from his or her retirement plan once he or she attains the age of 70and a half years old.
According to IRAs, once a person attains the age of 70.5 which is six months after the person's 70th birthday, the individual is entitled to take his or her RMD by the 31st of December following his or her 70.5 birthday.
According to the above question, Walter is entitled to take his RMD on the 31st of Dec, 2018.
This question is incomplete. The complete question should be:
Suppose the market for cars is unregulated. That is, car prices are free to adjust based on the forces of supply and demand.
If a shortage exists in the car market, then the current price must be ____ than the equilibrium price. For the market to reach equilibrium, you would expect ______.
Answer:
If a shortage exists in the car market, then the current price must be <u>lower</u> than the equilibrium price. For the market to reach equilibrium, you would expect <u>buyers to pay higher prices.</u>
Explanation:
When demand is equal to supply in a market, the the market is said to be at equilibrium.
In a market for cars, the equilibrium price is the price at which cars are sold when demand for cars equals the supply of cars into the market.
If the price of cars in the market drops lower than the equilibrium price, <u>then there will be an increase in demand for cars. Without a corresponding increase in supply of cars, the market will experience a shortage of cars.</u>
For the market to reach equilibrium, prices will have to rise and car buyers will have to pay higher prices.
Classical conditioning. When Claude came into contact with a particular scenario (Texas accent) he experienced a negative outcome (being robbed) so now he associates the negative outcome with the scenario where he encountered it.
Answer:
Budgeted financial statements
Explanation:
The factors that a consumer should check for while shopping for credit card are:
1. The initial fees to open the account.
2.The fees charged for late payment.
3. The annual percentage rate for the card.
One need to get these information and compare the values among different banks in order to be able to choose one that will be suitable for one's needs.
