Answer:
One of the biggest warning signs of predatory lending is high, three-digit interest rates. For example, rates of 400% APR are typical on payday loans and car title loans. However, some lawmakers seek to cap interest rates at 36% to keep loans affordable for borrowers.
Answer:
1. all else is held equal
2. quantity supplied
Explanation:
Given economics terminologies and definitions, it can be concluded that any given demand or supply curve is based on the ceteris paribus assumption that ALL ELSE IS HELD EQUAL
Also, it can be easily concluded that when economists talk about supply, they are referring to a relationship between the price received for each unit sold and the QUANTITY SUPPLIED.
Answer: 10%
Explanation:
Amount deposited = 5000
Amount which can be Lent out = 2500
The reserve requirement may be explained as a certain percentage of a commercial bank's deposit that must be held in reserve, this is usually a directive placed on the commercial banks by the central bank of the nation.
The reserve requirement is calculated by finding the proportion of the difference between the amount deposited and the maximum amount that can be Lent out to the total deposited amount.
Mathematically,
Reserve requirement =[ (deposit amount - amount that can be Lent out) / deposit amount] × 100
Reserve requirement : ([(5000- 4500) / 5000] × 100)%
= (500 / 5000) × 100
= 0.1 × 100 = 10%
Answer:
The average job lateness for the sequence developed is 328 days
Explanation:
Given that the initial work day is base on day 275, the following is going to be the new sequence of the given jobs:
Job Due Date
A 318 5
B 317 3
C 320 8
D 327 16
E 364 40
Therefore, the average job lateness is calculated as follows:
(318+317+320+327+364)/5=328 Days
Answer:
What to produce?
Explanation:
A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.
Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.
