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kupik [55]
3 years ago
7

Suppose, for simplicity, that a bank uses a single interest rate for loans and deposits, there is no inflation, and all unspent

money is deposited in the bank. The interest rate measures which of the following?
a. the cost of using a dollar today rather than a year from now
b. the benefit of delaying the use of a dollar from today until a year from now
c. the price of borrowing money calculated as a percentage of the amount borrowed
Business
1 answer:
nikitadnepr [17]3 years ago
3 0

Answer:

All the options are correct.

Explanation:

It is assumed that a bank uses a single interest rate for both loans and deposits. There is no existing inflation in the economy. Money which is not spent is deposited in the bank.  

On the basis of these assumptions, we can say that the interest rate is the cost of borrowing money which is calculated as a percentage of the principal or the amount borrowed.  

For a depositor, it is the return on depositing money or benefit of depositing money instead of using it immediately.  

It can also be referred to as the opportunity cost of not depositing the money in the bank but spending it instead.

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For the Age Discrimination in Employment Act to apply Lomax must be forty years of age or older.

<h3>What is  Age Discrimination in Employment Act?</h3>
  • Age discrimination against anyone over the age of 40 is prohibited by the Age Discrimination in Employment Act (ADEA).
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Therefore, for the Age Discrimination in Employment Act to apply Lomax must be forty years of age or older.

Know more about Age Discrimination in Employment Act here:

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The correct question is given below:
Kyla replaces Lomax in his job at Motor Vehicle Manufacturing Corporation (MVMC).

Refer to Fact Pattern 18-1. Lomax believes that he has been discriminated against on the basis of his age. For the Age Discrimination in Employment Act to apply

6 0
1 year ago
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
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Answer:

c. Sociocultural dimension

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7 0
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The IRS agent who audited the Form 1120 filed by Alano Inc. concluded that $300,000 of the salary that Alano paid to its CEO and
wlad13 [49]

Answer: Alano's taxable income increases by $300,000.

Explanation:

Constructive dividends are paid to a shareholder and classified in such a way that they are not to be seen as taxable dividends.

If during auditing however, the IRS determines that it was indeed a taxable dividend, it becomes a constructive dividend.

Constructive dividends are taxable by definition so Alano's taxable income increases by the amount of dividend of $300,000.

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3 years ago
If the price elasticity of supply is 0.5 and the quantity supplied decreases by 6%, then the price must have decreased by 3%. a.
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Answer: False

Explanation:

The price elasticity of supply measures the change in quantity supplied when the price changes.

The basic trend is that when price increases, quantity supplied increases as well. The reverse is true.

Price elasticity of supply = %Change in quantity supplied / % change in price

0.5 = -6% / Change in price

0.5 * Change in price = -6%

Change in price = -6% / 0.5

= -12%

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