Answer:
It will take 10 years to have $20,000 on investment of $10,000.
Explanation:
Annual Rate of return = r = 7%
Compounded Value / Future Value = FV = $20,000
Investment Value / Present Value = PV = $10,000
Use Future value formula to solve this question:
Future Value = Present Value x ( 1 + Number of Year )^Number of year
FV = PV x 
$20,000 = $10,000 x 
=
$2 = 
Log 2 = n log 1.07
0.30 = n x 0.03
n = 
n = 10.00
n = 10 year (rounded off to nearest year )
It will take 10 years to have $20,000 on investment of $10,000.
A significant lag for monetary policy is the time it takes to for a change in the money supply to change the economy. a significant lag for fiscal policy is the time it takes to pass legislation authorizing it. <u>False</u>
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Monetary policy is the macroeconomic policy set by the central bank. It is the demand-side economic policy adopted by national governments to achieve macroeconomics, including the management of the money supply and interest rates.
Monetary policy refers to the measures taken by a country's central bank to control the money supply for economic stability. For example, policymakers manipulate the money supply to increase employment, GDP, and price stability using tools such as interest rates, reserves, and bonds.
Targets such as inflation, c monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth, and liquidity. Consumption, growth, liquidity.
Learn more about Monetary policy here:
brainly.com/question/1371984
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<u>Answer:
</u>
Out of the following prices, the price of 7 barrels of beer per crate of olives would make the trade beneficial for both Greece and Switzerland.
<u>Explanation:
</u>
- As we know that in Greece, a single crate of olive costs five barrels of beer. Where on the other hand, in Switzerland, one crate of olive costs ten barrels of beer.
- Hence, if Greece agrees on giving one crate of olives on every seven barrels (two barrels more than what it costs in Greece), the trade would be beneficial for Greece.
- Similarly, if one crate of olives costs seven barrels of beer instead of ten barrels, the trade would be beneficial for Switzerland too.
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