It is completely inappropriate to mention that debt investments not classified as trading or held-to-maturity securities are called available-for-sale securities. Therefore, the statement given above is false.
<h3>What is the significance of debt investments?</h3>
Investments in the loan instruments or similar classes are regarded as debt investments. These investments cannot be bought or sold or traded in the open market, as unlike equity investments, they are backed by a date of maturity.
Therefore, the statement given above regarding the significance of debt investments is false.
Learn more about debt investments here:
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Answer: Effective interest rate : 6.58%.
Explanation:
Simple interest rate = principle × rate × time period
= $1,849 × 0.06 ×
= $157.165
When move out from the bank:
We will be left with(1849 - 157.165) = $1691.835
∴ Effective interest rate =
= 0.0658
= 6.58%
Answer:
the question is missing the discount or interest rate that we must use to calculate the answer.
for example, if the interest rate is 5% per year, then this would be a good investment if the homeowner can save $2,481 x 5% = $124.05 per year.
but if the interest rate is 8%, then the homeowner would need to save at least $2,481 x 8% = $198.48 per year.
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Answer:
0.4
Explanation:
Given that,
Convenience store advertises 50% off frozen slushies: This means that the price of slushies decreases by 50%.
20% Fewer sales of fountain drinks: This means that the quantity demanded of fountain drink decreases by 20%.
Percentage change in the price of slushies = 50%
Percentage change in the quantity demanded of fountain drink = 20%
Cross price elasticity measures the responsiveness of quantity demanded for one good to any change in the price level of the other good.
Therefore, the cross elasticity between slushies and fountain drinks is as follows:
= Percentage change in the quantity demanded of fountain drink ÷ Percentage change in the price of slushies
= 20 ÷ 50
= 0.4
Therefore, the positive cross price elasticity indicates that these are the substitute goods.