Answer: B. The Fed cannot control the amount of money that households choose to hold as currency.
Explanation: If the Federal government wants to control the money supply, they will buy government bonds. For the Fed to pay for the bonds, the Fed will creates money. Its purchase of bonds will put the new money in the hands of the public.
But one thing the federal government cannot control is the amount of money households choose to hold as currency.
Answer:
A. $0
Explanation:
No money or amount is reported as a rental income from the Lake Tahoe home that current year. This is because the house is considered as primarily personal. He only rents it outside for two weeks in the summer. Most times when the house is not vacant, he is the one staying there. Properties that are primarily personal are not reported as rental income in scenario like this.
The compound interest on the given information is 204 Rs.
<h3>What is compound interest?</h3>
Interest received on both the principal amount of your savings and any prior amount is known as compound interest.
The calculation for compound interest-
A = P [ 1 + r/100]^n
Principal amount=2500
Time = 2 years
Rate of interest =4%
A stand for Total Amount = Principal amount + Interest
Total amount = 2500 × (1 + 4/100)²
= 2500 × ( 1 + 1/25)²
= 2500 × (26/25)²
= 2500 × (676/625)
= 2704
Interest = Total amount - Principal amount
= 2704-2500
= Rs. 204
Therefore, the compound interest will be Rs. 204.
Learn more about Compound Interest, here:
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