Savings usually have positive impacts on economic growth of a nation. Firstly, increase in the amount of money saved increase the amount of money that are available in the banks which can be used for investment purposes that will benefit the economy. Secondly, high saving rate in an economy increases the ability of that economy to recover from inflation and recession. Personally and nationally, saving helps to cope better with economic and financial down turns.
The APR is greater than the APOR threshold; hence, it is an example of higher priced loan.
<h3>What is
APOR?</h3>
APOR means authorized persons outside of residence and are used by government since the first lockdown in March 2020.
APOR threshold = Current APOR + 1.5%
APOR threshold = 4.672% + 1.5%
APOR threshold = 6.172%
The given APR in question is 6.474%.
In conclusion, the APR is greater than the APOR threshold; hence, it is an example of higher priced loan.
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"1) Enroll in a college that offers the Bachelor of Social Work degree (BSW) that you can complete as an undergraduate (i.e, usually within four years). Not all colleges have a BSW major. However, most will offer a related field like sociology or psychology." - Google
Technically, A bachelor Degree of Social Work and a degree related to Sociology or psychology.
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Karina is aware that performances on Friday, Saturday, and Sunday are more popular than those on weekdays. As a result, her theater charges a higher price for weekend tickets. This is an illustration of dynamic pricing.
<h3>What role does pricing policy play?</h3>
Pricing rules help businesses maintain profitability by allowing them to sell various products differently. Your company may value having a well-defined pricing policy so that it may make price adjustments rapidly and capitalize on the strengths of its products in one or more areas. After the product is manufactured, pricing is an essential decision-making factor. The price of a product determines its future, its acceptance to buyers, and its return and profitability. It is a competitive tool. The goal of pricing for every company is to set an acceptable price for consumers while also allowing the producer to survive in the market. Every company is at risk of being pushed out of the market due to fierce competition and changes in client preferences and taste.
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