Answer:
The statement is True
Explanation:
A higher price level is a term that describes an economic condition in which more money is required to purchase a given amount of goods and services, at a given period, tland this leads to inflation overtime.
However, with a higher expected price level, it implies that a decline in the real value of a constant nominal amount of money balances is expected. Thus, there is an high tendency among people to substitute away from holding money and toward holding non-liquid assets whose prices may rise with the in the foreseeable future.
Answer:
The home repair companies and building supplies companies wanted to maintain their long term relationship.
Explanation:
Because the companies were considerate on their pricing after the clients lost their homes, a bond will be formed that has long term value and loyalty to the company.
This is a great strategy to get clients that will stick with the companies for a long time to come.
Hello i did all of these it was so hard but i did it i’m so happy there are kind people like you who check on people you don’t see people like you often i really really appreciate it <3
Answer:
Auditory
Explanation:
According to the Visual-Auditory-Kinesthetic (VAK) learning styles model, a person's dominant learning style is determined by three major sensory receivers i.e visual, auditory and kinesthetic.
Auditory learners learn through listening to spoken words of themselves or of others. Visual learners learn through seeing and reading pictures, illustrations, write-ups etc. Kinesthetic learners learn through touching and feeling things.
Based on the above, the financial planning client's learning style is most likely auditory.
Answer:
The correct answer is: non-bank public increases its holdings of currency outside the banking system.
Explanation:
A currency drain refers to the situation where there is an increase in currency held outside the banking system. When the public holds more money outside the banking system, it reduces the total reserves of the banks. The excess reserves get reduced as well.
The currency gets drained from the banking system, so banks can create less money. This causes a reduction in the money supply.