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pochemuha
3 years ago
6

If Joe transfers $1,000 from his savings account to his checking account and assuming that banks cannot lend this money, then:a.

M1 will remain the same. b. M2 will increase by $1,000. c. M1 will increase by $1,000. d. M1 will increase by $1,000, and M2 will decrease by $1,000.
Business
1 answer:
hoa [83]3 years ago
7 0

Answer:

C

Explanation:

Mi money are highly liquid financial assets like checking account , cash and traveler's check while the M2 money are not as liquid when compared to M1, Example  is , in addition to M1, savings , money market fund and certificates of deposit.

This means that whatever that impacts M1 will also impact M2.

Therefore , the transfer of $1000 for savings account will increase M1 by $1000.

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Evgen [1.6K]
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In numerical form on the left and written out on amount line
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4 years ago
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a car is purchased for $43,000. each year it loses 25% of its value. after how many years will the car be worth $9200 or less? (
Snowcat [4.5K]

After a car is purchased at $43000 and looses 25% worth every year then the car will be worth $9200 or less after four(4) years.

What does Purchase mean?

Purchase is a term used to refer to the acquisition of goods or services in exchange for money. It is a common business transaction and can involve buying something outright or entering into an agreement to pay for it over time.

What does Services mean?

Services is a broad term that refers to any type of work or activity performed to meet the needs of a customer. Services can range from professional services like accounting or consulting to tangible products like food or clothing. Services are typically intangible in the sense that they cannot be touched, felt, or seen, but the benefits they provide are very real.

As per the price of the car which is $43,000  and it looses 25% each year which is $10750. From this we come to know that the car will  be worth of $9200 or less within 4 years.

To know more about Purchase,

brainly.com/question/27975123

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5 0
1 year ago
The sticky-price theory helps explain what feature of the aggregate demand and aggregate supply model?
zhuklara [117]

Answer:

The stick price theory helps to explain the upward sloping shape of the aggregate supply curve.

Explanation:

The price tends to be sticky for a number of reasons.  

  1. Firms will need to incur menu costs if they constantly change prices
  2. Frequent change in prices may annoy the customers
  3. The wage rates remain the same even after change in price because the  wages are based on contracts

The short-run aggregate supply curve is upward sloping because of the stickiness of price, there is a positive and direct relationship between output and price. Due to the high expected price level in the short run, the firms will expect the input prices to rise along with an increase in the product price.  

To counter the increase in inputs price, the product price is kept high. The higher price provides motivation to produce more. That's why the short-run aggregate supply curve is upward sloping.

7 0
3 years ago
Acel Co. uses the allowance method to account for bad debts. In January, Acel determined that it could not collect $400 from CTR
Evgesh-ka [11]

Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.

<h3>Which account will be debited?</h3>

The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.

The Account Receivable account will then be credited to cash to account for the cash being received.

In conclusion, option B is correct.

Find out more on bad debts at brainly.com/question/26036981

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Why many people are convinced to engage in business
nika2105 [10]
Because they really like it and know how to do business. And also because it could get you money and people like to be higher han others so if you were in it you would be in big corporations and be higher than others
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