The Redeemers were a political group that began during Reconstruction after the Civil War. Their popular movement was aimed at "saving" the South by preventing the federal government from providing public services to blacks. They were successful in this endeavor by gaining control of many Southern state governments and reducing funds for public schools and hospitals under the guise of increasing efficiency. Their real aim, however, was to prevent blacks from gaining political and economic power.
Answer:
a.borrowers gain at the expense of lenders.
Explanation:
Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have come to expect this rate of inflation. If the inflation rate unexpectedly rises, then borrowers gain at the expense of lenders.
As inflation increases, two things happen
1. The amount of interest paid to lenders technically becomes of smaller value and lenders are loosing while borrowers are paying lesser
2. As inflation sets in, wages are increased to compensate for inflation and since the borrower already owed money before the inflation occurred, now he or she has more money in his or her paycheck to pay off the debt.
Answer and Explanation:
The computation of the effective interest rate is shown below:
For Fidelity bank
= (2 × 4 × $150,000 × 0.12) ÷ (4 +1 )× ($150,000 - $18,000 - ($150,000 × 26%)
= 30.97%
For southwest bank
= (2 × 12 × $150,000 × 0.12) ÷ (12+1 )× ($150,000 - ($150,000 × 13%)
= 25.46%
Answer:
I will take management courses at a local business college so that I will be promoted to bank manager in less than five years.
Explanation:
Answer: Spreadsheets
Explanation: Spreadsheets allow you to
foresee and edit data, while also seeing
the past data to help towards ones
future business goals.
