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3 years ago

What happened in 1935 with the United States Congress surrounding employee benefits?

1 answer:

7 0

The social security act was passed by the congress in 1935 which led to the adoption of private pension plans which led the older people to retire and younger ones to come and work.

<u>Explanation:</u>

An act to accommodate the general welfare by building up an arrangement of Federal mature age benefits, and by empowering the few States to make increasingly sufficient arrangement for matured people, daze people, reliant and injured youngsters, maternal and kid welfare, general well being, and the organization of the jobs for the jobless.

The Social Security Act and related laws build up various projects that have the accompanying fundamental purposes: To accommodate the material needs of people and families; To ensure matured and debilitated people against the costs of ailments that may somehow or another utilization up their reserve funds.

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Big Dom’s Pawn Shop charges an interest rate of 27.5 percent per month on loans to its customers. Like all lenders, Big Dom must

lidiya [134]

Answer:

APR is 330% and EAR is 1745.53%

Explanation:

Given:

Monthly interest rate = 27.5%

APR or annual percentage rate = 27.5×12 = 330%

So, Big Dom should report an APR of 330% to customers.

EAR or effective annual rate = $(1+\frac{APR}{m}) ^{m}-1$

Here,

APR is 330% and m is 12

330÷12 = 27.5%

substituting the value in the above formula:

EAR = $1.275^{12}-1$

= 17.4553 or 1745.53%

3 0

2 years ago

The interest rate for this lease is 11%. the payments are due on december 31 of each year. the first payment was made on decembe

Artist 52 [7]

So what is the question? This is just a statement.

4 0

3 years ago

Other things the same, when the price level rises, interest rates select one:

laiz [17]

I think its number c, i hope it is
:P

5 0

2 years ago

Using the equation of exchange, if the Federal Reserve Bank expands the money supply and but there is no real growth in the econ

fenix001 [56]

Answer:

The conclusion we can draw is that businesses invest heavily on capital expenditures for future growth.

Explanation:

The equation of exchange is: M × V = P × Q, where:

M: the money supply

V: the velocity of money

P: the general price level

Q: the expenditures

Because V increase while P (no real growth in the economy mean the velocity of money is stable) and P are unchanged, Q must increase too. The increase is usually on capital expenditures.

8 0

2 years ago

In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem,

Leni [432]

Answer:

Y = C + I + G + NX

S = Y - C

S = I + G + NX

Explanation:

National Income Y = C + I + G + NX ; {where consumption, investment, government purchases, net exports ie exports - imports are corresponding expenditure of households, firms, government, rest of the world}

National Saving (S) is income (Y) left after paying for consumption (C) . So, S = Y - C

Using above equations, Y = C + S , Y = C + I + G + NX

C + S = C + I + G + NX

So, S = I + G + NX

4 0

2 years ago