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2 years ago

1. A useful characteristic of money is that money

Business

1 answer:

Virty [35]2 years ago

5 0

Answer:

O A. allows us to compare the values of goods and services.

Explanation:

Money has three primary functions which include a medium of exchange, unit of account, and store of value.

As a unit of account, money is used to give value to other assets. In other words, money provides a medium through which assets and products are valued. Money is divisible into smaller units which makes its application in valuation easy.

The value of goods and services is expressed in monetary terms. Buyers and seller, therefore, can determine how much is needed to transact.

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Which situation would result in a credit card issuer charging a late-payment fee?

rewona [7]

A credit card issuer would charge a late-payment fee if there is an unpaid minimum credit card fee or other payment from your credit card until the due date. The late-payment fee is calculated based on your unpaid minimum credit card fee. It will not exceed the amount of your unpaid minimum credit card fee.

6 0

3 years ago

The GDP deflator is a measure of the A. average level of prices of intermediate goods and services in the economy. B. total prod

Alexeev081 [22]

Answer:

D. average level of prices of final goods and services in the economy.

Explanation:

The GDP deflator is a measure of the average level of prices of final goods and services in the economy

5 0

3 years ago

Perfect competition is a market in which there are _____ firms, each selling _____ product; many buyers; _____ to the entry o

Yuki888 [10]

Answer:

Many

Homogenous

There are no barriers

Have perfect knowledge

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods. Because there are many sellers of homogenous goods, firms are price takers.

Because there are no barriers to entry, in the long run, firms earn zero economic profit.

Because buyers and sellers have perfect knowledge of prices, price arbitrage isn't possible.

I hope my answer helps you.

7 0

2 years ago

Elliott Credit Corp. wants to earn an effective annual return (EAR or EAIR) on its consumer loans of 17.1 percent per year. The

Yuri [45]

15.79 % is the rate that bank is requred to give to potential borrowers

Explanation:

$\mathrm{EAR}=(1+\mathrm{APR} / \mathrm{m})^{\mathrm{m}}-1$

$A P R=m\left[(1+E A R)^{1 / m}-1\right]$

$\mathrm{APR}=365\left[(1+.171)^{1 / 365}-1\right]$

$A P R=365\left[(1.171)^{0.00273972602}-1\right]$

$\mathrm{APR}=365 *[1.00043258-1]$

$A P R=365 * 0.00043258$ , APR = 0.1578917

Or 15.79% (it is rounded off )

Where:

EAR = effective annual rate

APR = Annual percentage rate

M = number of compounding

Therefore, the interest of rate that the bank is required by law in order to report to all the potential borrowers is 15.97%

4 0

3 years ago

Third national bank has reserves of $20,000 and checkable deposits of $200,000. the reserve ratio is 10 percent. households depo

irga5000 [103]

Reserves - $20,000
Checkable Deposits - $200,000
Reserves Ratio - 10
Household Deposit - $15,000
Level of Excess Reserves - ?

Solution:
Checkable Deposits = $200,000 + $15,000 = $215,000
Required Reserves = 0.10 x $215,000 = $21,500
Excess Reserves = Actual Reserves - Required Reserves
= $35,000 - $21,500 = $13,500

6 0

2 years ago