Answer:
have customer deposits as its primary asset and loans to borrowers are their primary liabilities.
Explanation:
Bank are the institution which provide liquid asset to borrowers and earn interest on the amount lend. Banks have primary assets which are the deposits from its customers. The bank invests those deposits in some profitable projects and then give interest to the customers based on a percentage.
Answer: Decreasing cost industry
Explanation:
A decreasing‐cost industry is an industry where the costs decrease as there is expansion in the industry. In this situation, the industry's long run supply curve will slope downward because as there is more production of output, minimum average cost of production for every firm decreases with the decrease in costs.
A decreasing cost industry is characterized by the lower costs and prices due to economies of scale and technological advancement.
In indirect competition, this involves two or more businesses that provide different kinds of products and services but may satisfy the need of the same consumers. In Regina's case, indirect competition is significant because even though they have different products, this would still satisfy the same customer. The answer is option C.
Answer:
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- <em><u>Option e. $41,442.89</u></em>
Explanation:
An annual payment over a <em>10-year period</em>, with the<em> first payment one year from now </em>and <em>3.5 percent annual growth</em> is modeled by the equation:
Substitute with:
- C = $5,000
- r = 6.5% = 0.065
- g = 3.5% = 0.035
- n = 10
Answer:
CPI for 2016 = 100
CPI for 2017 = 110
Inflation rate in 2017 = 10%
Explanation:
Before finding Consumer Price Index (CPI), we have to calculate the market basket cost price for each year
2016 market basket cost price =
Cauliflower = $250
Broccoli = $100
<u>Carrots = $250</u>
Total cost = $600
2017 market basket cost price =
Cauliflower = $210
Broccoli = $180
<u>Carrots = $270</u>
Total cost = $660
We know, CPI = (Cost of market basket in a given year ÷ Cost of market basket in a base year) × 100
As 2016 is the base year, CPI for 2016 = ($600 ÷ $600) × 100 = 100
CPI for 2017 = ($660 ÷ $600) × 100 = 100 = 110
Again, we know, Inflation rate using the CPI = [(CPI for current year - CPI for previous year) ÷ CPI for previous year] × 100
Therefore, Inflation rate using the CPI = [(110 - 100) ÷ 100] × 100 = 10%.