You should open a joint bank account. Joint allows deposit or withdraw cash from your dual income. Can share with your family members. Income is safe with you having a joint account because you can monitor transaction.
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In a mortgage, the amount of money borrowed is called the Loan principal, or just a loan.
The real money demand is equal to $2,60,000
Money demand/ P = 1000+0.2Y -1000i
Money demand/200= 1000+0.2(2000)-1000(0.1)= 1000+400-100
=1300
Money demand /200 = 1300
Money demand = $1300*200
= $2,60,000
Money demand is the demand for real cash balances as people hold onto money to purchase goods and services. The higher the price level, the more money you need to buy a certain amount of goods.
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It can be inferred that Alexandria may exhibit the above traits because of her philosophy of always helping local businesses. This may come from the understanding that local businesses support and create more employment.
<h3>Why is employment important?</h3>
Employment is critical because it ensures that aggregate demand is constantly growing.
Without aggregate demand, there won't be supply and the economy collapses.
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