Answer:
1. A) Satisfying your day-to-day spending needs?
<u>Statement Savings account </u>
Bank statements will hep you keep track of the balance.
B) Making and holding funds for your car purchase?
<u>NOW Account.</u>
An account that earns interest yet allows the owner to write drafts against the money in the account. This would be good here as it will increase the funds you are saving for the car purchase.
C) Making and holding funds for your home purchase?
<u>NOW Account. </u>
NOW stands for Negotiable Order of Withdrawal account and would work here as well.
D) Making and holding funds for your retirement?
<u>Certificate of Deposit.</u>
These are offered by banks and earn a higher interest return. They however have to be locked up for a while without withdrawing so they are great for retirement saving.
2. Which of the following accounts is typically not insured?
<h2>
A. Mutual Funds.</h2>
Mutual funds are not financial deposits so will not be covered by the Federal Deposit Insurance Corporation (FDIC).
3. Which of the following practices would help you keep accurate records regarding the funds in your bank account?
- A. Keep track of your balance online.
- B. Immediately record the date and amount of each transaction in your check register and calculate the new balance.
4. You can avoid a service fee on an average-balance account if you:
- B. Keep a certain average daily balance in the account through a specified time
The fact that they will check hbefore making large purchases. is B. comparison shopping.
<h3>What is comparison shopping?</h3>
It should be noted that comparison shopping simply means choosing among the available suppliers to determine the best one.
In this case, the company is using the information to choose the best option.
Learn more about shopping on:
brainly.com/question/10310281
#SPJ1
Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another
Plz post a photo or answer choices of the problem
Answer:
a. Price elasticity of demand is 3.5.
b. Demand for strawberries elastic.
Explanation:
a. Calculate the price elasticity of demand over this price range.
Price elasticity of demand can be calculated as the percentage change in price divided by percentage change in quantity demanded.
We can therefore proceed as follows:
Percentage change in price = [(4 - 2) ÷ 2] × 100 = 100%
Percentage change in quantity demanded = [(1,400 - 1,000) ÷ 1,400] × 100 = 28.57%
Price elasticity of demand = 100% ÷ 28.57% = 3.5
Therefore, the price elasticity of demand over this price range is 3.5.
b. Describe the demand for strawberries.
Since the calculated price elasticity of demand of 3.5 is greater 1, this implies that demand for strawberries elastic. That is, customers are sensitive and more responsive to the change in price of strawberries.
