Answer:
b. 4 percent
Explanation:
According to the rule of 72, hte number of years required for an investment to be doubled can be obtained by dividing 72 by the interest rate (in percentage). If it takes 18 years for the investment to bouble in value, the interest rate is:
The interest rate on the deposit is 4%.
Answer:
Sometimes our justice system can really surprise us. How can a person sue another individual based on arguments that are known to be false? Shouldn't the courts just say no to this kind of lawsuits?
It's plain common sense that the court would dictate that the agreement should be annulled or rescinded based on the mother's fraud attempt or maybe mutual mistake between Michael Jordan and her. Even if they were both convinced that he was the father, after it was proven that he wasn't, the court shouldn't have even wasted its time (and taxpayers money) with this case.
False , your not permitted to spend the money unless you need to do so.
Answer:
assets to the commercial bank and liabilities to the Federal Reserve Bank holding them.
Explanation:
A commercial's bank's reserves are assets to the commercial bank and liabilities to the Federal Reserve Bank holding them.
Assets are all the resources owned by the commercial bank while liabilities are their debts or financial obligations to the Federal Reserve Bank.
The reserves of a commercial bank generally is comprised of deposits at the Federal Reserve Bank and vault cash.
Excess reserves determines the amount a commercial bank can lend out.
Answer: Income Elasticity of demand = 2
Explanation:
Income Elasticity of demand shows the responsiveness of the quantity demand for a good or service is to any change consumers income. it is calculated as
Income Elasticity of demand = Percentage change in Quantity / Percentage change in price
=20%/ 10% = 2
Income Elasticity of demand = 2
therefore we can say the good is a normal good sinve it has a positive income elasticity of demand which means that there will be an increase in demand as consumer income increases and a decrease in demand as consumers income decreases.