The true statement is that: <em>There is an inverse relationship between the </em><em>quantity of money</em><em> demanded and the </em><em>interest rate.</em>
In economics, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
An interest rate can be defined as an amount of money that is charged as a percentage of the total amount borrowed by a borrower from a creditor or financial institution.
On a related note, there exist an inverse relationship between the quantity of money demanded by a borrower and the interest rate charged by a creditor or lender. Thus, when the interest rate is high, the quantity of money demanded decreases (falls) while the quantity of money demanded increases (rises) when the interest rate is low.
<em>In conclusion, borrowers are more likely to demand for</em><em> money</em><em> when the </em><em>interest rate</em><em> is low and vice-versa.</em>
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Depends on what is being defined as “cult activity”. If laws are being broken then of course the government needs to step in. If people are being hurt, weather they are apart of the cult or not, something needs to be done. BUT you cannot infringe on the rights of individuals to practice their chosen religion or lifestyle. If “cult activity” is using drugs and abusing members then it needs to be stopped, but if it’s praying to a giant invisible spaghetti monster and living together on a farm there’s not anything that could (or should) be done.
This is an example of an intrinsic reward.
Intrinsic rewards are internal - they refer to feelings of accomplishment, of success, of pride, and are intangible, meaning that you cannot touch them. On the other hand, extrinsic rewards are actual objects that you receive as a reward for something you did.
Answer:
The correct answer is, Farmers made sure that the highest bids that the bank received when auctioning their homes were pennies.
Explanation:
When people mortgage their properties or precious materials to banks, in order to get loans, and are unable to pay the loans, then banks sell their properties or precious materials to get their money back. They usually sell the mortgage at a good price to have their loans recovered. So farmers made sure that the people who came for auctioning of the houses offer pennies, so that banks won't sell the homes at so low price. In this way, farmers could help their neighbors keep their homes.
