the answer is b. Checking account
Hello,
Here is your answer:
The proper answer is option A "true". It is extremely important to find the source of the information because the source could not be verified (which means its giving false information).
Your answer is A.
If you need anymore help feel free to ask me!
Hope this helps!
Answer:
The correct answer is option a.
Explanation:
Camille's Creations and Julia's Jewels are both selling beads in a competitive market. The market price of beads is $5 for both.
At this price level, they can't keep up with the quantity demanded. This implies that the quantity they are supplying is lower than what is being demanded.
We know that there's a positive relationship with the price level and the quantity supplied of a firm. So to increase the quantity supplied, the firm will increase its price. It will then reach the point of equilibrium where quantity supplied and quantity demanded are equal.
Answer: The more narrowly we define a market, the more elastic the demand for a product will be.
Explanation: Narrowly defined markets tend to have more elastic demand than broadly defined markets because it is easier to find close substitutes for narrowly defined goods.
For example, a broad category of food, has a fairly inelastic demand because there are no good substitutes for food while Vanilla flavoured ice cream, a very narrow category, has a very elastic demand because other flavors of ice cream (e. g Chocolate) are perfect substitutes for vanilla.
Answer:
$997
Explanation:
The price of the Bond is its Present Value. thus we need to discount the future cash flows (payments and capital repayments) to find the price as follows.
<em>Note : I am using a financial calculator here</em>
FV = $1,000
P/Yr = 2
N = 1 x 2 = 2
PMT = ($1,000 x 5.08 %) ÷ 2 = $25.40
YTM = 5.37 %
PV = ?
Conclusion
Assuming the Bond Matures in 1 year, the bond's price is $997
