Answer:
$ 7.5 million
Explanation:
The investment bank will have a loss which = ( 9.75 - 10.50 ) × 10 million = $ - 7.5 million
<span>One reason taco bell raised its prices was the result of an increase in costs.</span>
Answer:
The correct answer is option b.
Explanation:
Inflation refers to the continuous and sustained growth in the general price level. As the price level rises, it reduces the purchasing power or value of cash balances held by the consumers to reduce. This causes real income to decline.
A certain level of inflation is desirable in an economy to promote growth but a high rate of inflation is harmful. Inflation can be of several types such as
- Demand-pull inflation
- Cost-push inflation
There are several measures used to calculate inflation, for instance, the consumer price index. To correct inflationary pressures, a government uses contractionary fiscal and monetary policy.
Jim Moon has a very assertive personality His relationship with the Rhode Island bank has fetched him a positive outcome when there is a financial crisis
