Is this a question or what is this.
A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.
Simple interest allows your money to earn money, so you have to save less.
<h3>What Is Simple Interest?</h3>
Simple interest is a quick and easy method of calculating the interest charge on a loan.
Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
<h3>Where is simple interest used in real life?</h3>
Application of Simple Interest:
In our daily lives, sometimes, we come across a situation where we need to borrow money from a bank, post office or a moneylender for a specified period.
At the end of this period, we must pay back the money we had borrowed plus some additional money for using the lender's money.
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Answer: (B) Contemporary
Explanation:
The contemporary perspective is basically focuses on the behavior of the individual people that are acquired and also modify by the change in the environmental consequences.
The contemporary perspective is one of the type of modern psychology that helps in determine the actual behavior and also the pint of view of the people.
According to the given question, the Vernon set up the system in his company with outputs, feedback, inputs and also the transformation process and he basically managing all the stages of the production.
Therefore, Vernon is basically utilizing a contemporary perspective.
The <em>federal reserve </em>affects money available for banks to loan by using the<u> reserve requirement</u> tool.
<h3>What is the reserve requirement in monetary policy? </h3>
Reserve requirement is said as the set-aside funds by the commercial banks that they utilize for meeting their liabilities and instant withdrawal from customers.
Therefore, when Fed increases the rate of <em>reserve requirement</em> then banks need to hold the <u>large amount </u>which reduces their ability to loan more funds. It ultimately reduces the money supply and <em>vice-versa</em>.
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Answer:
C. Accommodation
Explanation:
Accommodation occurs when schema is change in order to accommodate new information. It occurs when a stimulus has major characteristics of an existing category but not all characteristics. In accommodation, our existing schema is changed to accommodate new information. In this case, customers accommodated the changes in taste to the specialty ice cream and sauce taste that Dessert palaeice introduced after being initially apprehensive of the changes.
