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3 years ago

The main role of banks in the nations economy is to

Business

2 answers:

Alja [10]3 years ago

6 0

Explanation:

The main role of banks in the nation's economy is to regulate the money supply between the surplus and the deficit economic agents. Banks in a country accepts people's deposits, give loans to people and charge interests on the given amount, issue treasuries and give interests on that, make profits through the difference between the interest rate paid and charged to the depositors and borrowers. Precisely, a bank helps a country's economy to regulate the supply of money by acting as an intermediary between the surplus and deficit agents of money.

ahrayia [7]3 years ago

5 0

Stabilize the float of economy and value

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Which of the following phrases describes money?

lakkis [162]

The phrases that describes money the best would be: Medium of exchange

Before money were made, in order to obtain a product that we don't own, we need to exchange it with another product that we own. This system is commonly known as barter.

With money, we can obtain a product that we don't own without exchanging it with anything. This function is the reason why money is called medium of exchange

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3 years ago

Read 2 more answers

Which of these statements are true about the MIC card? Select all that apply Taco Bell Service Course A. It demonstrates how to

Mandarinka [93]

Answer:

C. It sets the priorities for your shift

Explanation:

MIC card give ability to communicate the results of team and helps in making arrangements for the shifts. It also helps in scheduling goals.

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3 years ago

Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a me

solong [7]

It means to differentiate their product. Monopolistic competition is a sort of blemished rivalry with the end goal that numerous makers offer items that are separated from each other and subsequently are not impeccable substitutes.
Harmony under monopolistic competition. In the short run, supernormal benefits are conceivable, however, over the long haul, new firms are pulled in into the business, as a result of low boundaries to the passage, great learning and a chance to separate.

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3 years ago

Maxwell Feed & Seed is considering a project that has the following cash flow data. What is the project's IRR? Note that a p

Kay [80]

Answer:

13.31%

Explanation:

some information is missing:

Year Cash flows

0 −$1,100

1 $450

2 $470

3 $490

the easiest way to calculate the IRR is by using a financial calculator, IRR = 13.31%

but if we don't have one at hand, the IRR is the discount rate at which a project's NPV = 0

1,100 = 450/(1 + r) + 470/(1 + r)² + 490/(1 + r)³

to simplify the formula we must use trial and error:

since we already know the real IRR, I will start with a close number like 10%

1,100 = 450/(1 + 0.1) + 470/(1 + 0.1)² + 490/(1 + 0.1)³

1,100 = 409.09 + 388.43 + 368.14

1,100 ≠ 1,165.66

since the NPV is still positive, we must increase the discount rate. following the example we can use 12%

1,100 = 450/(1 + 0.12) + 470/(1 + 0.12)² + 490/(1 + 0.12)³

1,100 = 401.79 + 374.68 + 348.77

1,100 ≠ 1,125.24

we must increase the discount rate even more to 13%

1,100 = 450/(1 + 0.13) + 470/(1 + 0.13)² + 490/(1 + 0.13)³

1,100 = 398.23 + 368.08 + 339.59

1,100 ≠ 1,105.90

we keep increasing the discount rate to 14%

1,100 = 450/(1 + 0.14) + 470/(1 + 0.14)² + 490/(1 + 0.14)³

1,100 = 394.74 + 361.65 + 330.74

1,100 ≠ 1,087.13

since now the NPV is negative, the discount rate must be between 13-14%

we continue this way until we finally reach 13.31%

4 0

3 years ago

State as either a positive or normative statement. An op-ed piece in a newspaper urging the adoption of a particular economic po

Veronika [31]

Answer:

The correct answers are: Normative; Positive.

Explanation:

The positive economy is based on specifying and demonstrating what is happening in the economy, responds to economic issues from reason and with an objective point by which things happen, focuses on determining everything that could affect it and the results that will be obtained by final.

No advice is given to remedy economic problems, rather, it describes the problems that affect the economy without mentioning whether the results will be positive or negative.

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3 years ago