An interest-bearing account is an account that generates interest income on the available balance in the account.
What is an interest-bearing account?
An interest-bearing account computes interest based on the balance outstanding on the loan or investment account, for instance, a monthly compounding deposit account where the interest paid on the account on monthly basis on the available balance before interest computation.
There also non interest-bearing account which only promises a particular amount when the deposit or investment account matures rather than paying on the balance.
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Answer:
A.88.2
Explanation:
Productivity will grow with 5% each year
Last year Productivity = 84
Growth rate = 5%
This years Productivity = 84 X (1+5%)
This years Productivity = 84 X (1+(5/100))
This years Productivity = 84 X (1+(1/200))
This years Productivity = 84 X (1+0.05)
This years Productivity = 84 X 1.05
This years Productivity = 88.2
Answer:
a. The production possibility curve(PPC) moves up and to the right because of increase in human skills resulting in enhanced production and output.
b. Due to bumper crop PPC moves up and to the right.
c. Due ton increased workers entering into the country PPC moves up and to the right ( increased output)
d. The workers are already unemployed hence it does not shifts PPC
e. Due to efficiency to convert salt water into fresh water output increases. PPC moves up and to the right.
f. Decreased productive capacity results in PPC shifting down and to the left.
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Answer:
b. requires certain contracts to be in writing
Explanation:
Statute of Fraud is one that requires certain types of contracts to be in writing in order to be valid.
For example when selling goods the quantity and price of the goods must be stated in case of any future issue. The written contract can be referred to.
However there are some exceptions to statutes of fraud, and they are when there is admission, performance, or promissory estoppel.
