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LiRa [457]
3 years ago
7

Harry owes the bank money. To repay his debt, he paid 150 dollar sign, 150 back to the bank each month. After 10 months, his rem

aining debt was 6900 dollar sign, 6900. What was the original amount of Harry's debt?
Business
1 answer:
Jobisdone [24]3 years ago
8 0

Answer:

$8,400

Explanation:

Harry has paid for ten months already, $150 each month.

Total debt Harry has paid till date is= 150*10= $1,500

Harry's outstanding debt is $6,900

So the total loan he collected= (Debt already paid)*(Outstanding debt)

= 6,900+ 1,500

= $8,400

Note: This solution is based on the assumption that no interest payments were made by Harry. This was not given in the question

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Answer:

A. Menu Cost

Explanation:

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2 years ago
How do the effects of voluntary restraint agreements differ from the effects of a tariff? Tariffs reduce trade by more than volu
Snezhnost [94]

Answer:

Tariffs increase the prices of imports, helping domestic producers, while voluntary restraints do not.

Explanation:

A tarrif is defined as a tax that is imposed by government on goods and services that are imported from another country. Tarrifs are used to discourage imports by increasing their prices compared to locally produced goods and services.

Voluntary restraint agreements is is also called voluntary export restraint. It is a restriction on the amount of goods and services that exporters are allowed to export to other countries. It is also referred to as export visa.

Tarrifs results in increase in price of goods and services while voluntary restraint agreement does not.

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2 years ago
Abigail (Abby) Boxer, age 38, is a single mother (birthdate April 28, 1982) working as a civilian accountant for the U.S. Army.
DochEvi [55]

Answer:

Step 1 of 4

Aby is a single mother with a dependent child. She files Form 1040A. The form is attached herewith.Some of the highlights are given below:

• Gross Income is calculated as follows.

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• Standard deduction under Head of Households is $8,700 (line 24).

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7 0
3 years ago
After a sluggish quarter, the Federal Reserve Bank decides to increase the money supply in the economy. When the money-creation
Maslowich

Answer:

20; $1 billion

Explanation:

Given that,

New funds = $20 billion

Required reserve ratio = 5%

Money multiplier:

= 1/Required reserve ratio

= 1/0.05

= 20

Initial money increase by:

= Funds wants to be in the money supply × Required reserve ratio

= $20 billion × 5%

= $1 billion

Therefore, the Fed should initially increase $1 billion in the money supply.

5 0
3 years ago
The government of Diarmina recently passed a law that requires foreign companies to partner with Diarminian companies if they wa
baherus [9]

Answer:

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so correct answer is C) policy uncertainty

5 0
3 years ago
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