Answer:
A hard currency
Explanation:
A monetary unit that is freely and easily converted into other currencies is a hard currency.
The value of this currency neither depreciates suddenly nor fluctuate to a great extend.
This currency is considered politically and economically stable by the nation.
Hard currencies can also be used as a form of payment for goods and services.
Answer: 1 2 7 8
Explanation: plz mark me as brainiest im begging
Answer:
Explanation:
Ordinary Annuity = Investment * PVAF(Interest, number of years)
Ordinary Annuity = $710 * PVAF(4%,5 years)
=$710 * 4.4518
=$3160.79
Answer:
C.
Explanation:
Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.
Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.
Therefore, option C is the correct answer.
