All categories

2 years ago

What is a bank savings account?

1 answer:

6 0

A bank savings account is one simplest type of bank account. It allows you to keep your money safely while earning through interest per month. Money in a savings account is useful for emergencies since they are insured. You also get a card which enables you to withdraw or deposit money into your account. Parent's usually take this type of account for their children for future purposes.

You might be interested in

What factors of production will go into making the item

lukranit [14]

Production Capital, Human Capital, Resource Capital, and Intellectual Capital...
Let me know if you need to know what those are :)

6 0

2 years ago

The following is national income account data for a hypothetical economy in billions of dollars: gross private domestic investme

Elena L [17]

Answer:

The answer is $3,237billions

Explanation:

Gross Domestic Product is the market value of all final goods and services produced within a country during a given period of time usually a year.

The formula is:

G + I + C + (X-M)

where G is government expenditure or purchases

I is private domestic investment

C is personal consumption expenditure

X is export

M is imports.

Therefore, GDP is

$470 + $320 + $2,460 + ($22-$35)

$3,250 - $13

$3,237billions.

6 0

2 years ago

Why do you need your rate of return to be greater than inflation

slavikrds [6]

Because when inflation levels are stable and moderate, investors have lower expectations of high market returns. Conversely, expectations rise when inflation is high.

6 0

2 years ago

A customer places an order on January 1, 2019. Fifteen days later, that order is received by the manufacturing department. Twent

denis-greek [22]

Answer: 75 days

Explanation:

The total customer-response time (CRT), will be calculated as:

Order received by the manufacturing department = 15 days

Add: Order put into production = 20 days

Add: Processing time = 25 days

Add: Shipping Time = 15 days

Total customer response time = 75 days

6 0

2 years ago

You and a group of friends are planning to visit a theme park, which charges $60 for admission, $100 for a two-day pass, and $13

enyata [817]

Answer:

Part 1.

Average cost per day of a three-day pass = $53.33/day per person

Marginal cost of adding the third day = $190 - $160 = $30 per person

Part 2.

Group's marginal cost of switching from the two-day pass to the three-day pass = $180

Explanation:

The total cost is the admission charge ($60) plust the cost of the pass ($100 or $130).

For a two-day pass that is: $60 + $100 = $160, per person

For a three-day pass that is: $60 + $130 = $190, per person

Part 1. The average cost per day of a three-day pass per person. 

The average cost is the total cost divided by the number of days.

Average cost = $160/3days = $53.33/day per person

The marginal cost of adding the third day per person is found by subtracting the total cost for two days from the total cost for three days:

Marginal cost of adding the third day = $190 - $160 = $30 per person

This says that althoud the average cost for the three days is $53.33 the cost of adding the third day is $30, which is much lower; thus, it is a good deal to buy a three-days pass, as they are interested in spending a lot of time there.

Part 2. The group's marginal cost of switching from the two-day pass to the three-day pass

Since the marginal cost of switching from the two-day pass to the three-day pass is $30 per person, the marginal cost for the 6-person group is 6 times $30:

6 persons × $30/person = $180.

8 0

2 years ago