Answer:
1) To insure income is sufficient to pay debts
2) To insure the ability to save
3) To be prepared for emergencies
Explanation:
Answer:
A positive economic statement
Explanation:
A positive statement is one that is based on fact and that is objective in its deductions, it takes a cause and effect approach to the subject being discussed.
In the given instance the newspaper stated that consumer prices rose by 1% and if the trend continues annual rate of inflay will be 12%.
On the other hand normative statements are those based on subjective and judgemental deductions. They express the author's opinion on how things should be.
The answer is: "peer-to-peer lending" .
______________________________________________
Answer:
- After-tax interest rate ⇒ 3.2%
- True tax on interest income ⇒ 20%
Explanation:
After-tax real interest rate:
= Real interest rate * (1 - tax rate)
= 4% * (1 - 20%)
= 4% * 80%
= 3.2%
True tax on interest income:
= 20%
True tax on interest income is the tax rate levied on the nominal interest rate which is 20%.
Your capabilities, what you enjoy, what your good at, at what will provide the best.