If the payment is not made on the credit card by the end of the grace period, which of the following will occur?

While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only ________

Ivanshal [37]

Answer: See explanation

Explanation:

While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only (5) of the regional bank presidents are members of the FOMC.

The option that contributes to making the Federal Reserve an independent policymaking body is that members of the Board of Governors are appointed for 14-year terms.

3 0

3 years ago

11. What does a bank use to make loans? *

maxonik [38]

Explanation:

11.

Banks use depositors' money to make loans

12.

A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary to strengthen an economy.

13.

Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy.

3 0

3 years ago

Each stock's rate of return in a given year consists of a dividend yield (which might be zero) plus a capital gains yield (which

Alenkasestr [34]

Answer:

The correct answer is True.

Explanation:

The stock rate of return is a measure of the profitability of the shares over a period of time. There are a number of measures of performance of the shares, which include their own characteristics and benefits during a profitability analysis. The period during which stock returns are measured is chosen based on personal preferences, but portfolio managers usually measure it on a daily, weekly, monthly and annual basis.

3 0

3 years ago

A series of monthly cash flows is deposited into an account that earns 12% nominal interest compounded monthly. Each monthly dep

nirvana33 [79]

Answer:

The amount left in the account after last withdrawal is $61,945

Explanation:

The first monthly deposit occurred on June 1, 2008 and the last monthly deposit will be on January 1, 2015 = 80 deposit

Monthly deposit = 2,100

Interest rate = 12% / 1% per month

Firstly, we calculate the future worth of the monthly deposit

FW = A(F/A, i, n)

A = 2,100, i = 1%, n= 80

FW = $2100*[(1+0.01)^80 - 1 / 0.01]

FW = $2100*[2.216715 - 1 / 0.01]

FW = $2100*(121.671)

FW = $255,509.10

We calculate the effective interest rate

i(effective) = (1 + i nominal monthly interest rate)^n - 1

i `%, n = 3(no of months in quarter)

i (effective) = (1+0.01)^3 - 1

i (effective) = (1.01)^3 - 1

i (effective) = 1.030301 - 1

i (effective) = 0.030301

i (effective) = 3.0301%

The effective quarterly interest rate is 3.0301%

We calculate the future worth of the quarterly drawings

FW = A[(1+i)^n - 1 / i]

A = 5,000(drawing), i = 3.0301%, n = 26(number of drawings)

FW = 5,000*[(1+0.030301)^26 - 1 / 0.030301]

FW = 5,000*[2.17303717 - 1 / 0.030301]

FW = 5,000*(38.71282)

FW = $193,564.10

The future worth of the quarterly withdrawal is $193,564.10

We calculate the amount left in the account after last withdrawal

Amount left in account = FW(monthly deposits) - FW(quarterly drawings)

Amount left in account = $255,509.10 - $193,564.10

Amount left in account = $61,945

Thus, the amount left in the account after last withdrawal is $61,945

6 0

3 years ago

High-pressure systems typically form over the atlantic ocean during the summer. if such systems did not form as often, _______ w

Degger [83]

The answer to this question is: South Carolina; drier
 Circulation of surface wind and ocean water is run against clock direction in the Northern Hemisphere and the Surface currents generally move outward from system's center
This will reduce the air masses in the southern hemisphere and make that region become drier.

7 0

4 years ago