Answer:
A. A saver makes a deposit in a credit union, and the credit union makes a loan to a member for a new car.
Explanation:
A financial intermediation is when an institution acts as the joint-point between two parties in a financial transaction. This means, lender and borrowers, and buyer and seller.
The saver deposit in the credit union. (lender)
And the financial intermediate give a loan to a member (borrower)
This spread the risk and makes transaction more easy, as both parties deal with the credit union, not with themselves.
The credit union faces and assumes obligation with both:
for the saver to give the deposit
and with the borrower that if it meets the requirement will receive the cash for the car and will return in a pre-arrenged method with a given interest and time defined.
Answer:
(b) 2.08
Explanation:
Using caclulator and inputs as present:
n = 10
I/Y = 7.5/2
=3.75
pmt = 40
FV = 1000
CPT PV = $1020.53
Now we shall create an amortization schedule:
Period pmt Interest End balance Difference(Premium amortized)
1 $40.00 $38.27 $1,018.80 $1.73
2 $40.00 $38.21 $1,017.01 $1.79
3 $40.00 $38.14 $1,015.14 $1.86
4 $40.00 $38.07 $1,013.21 $1.93
5 $40.00 $38.00 $1,011.21 $2.00
6 $40.00 $37.92 $1,009.13 $2.08
Therefore, The amount of premium amortized in the 6th coupon payment is $2.08
Supply and demand affects the labor market just like any other market. If there is an extra supply of immigrant workers that come into the workforce and the demand for jobs stays the same then employees could have less job stability and employers would be willing pay less causing income to drop
Hope this helps cuz i rely ned brainliest
Answer:
<u>less risk</u>
Explanation:
Note: <u>The question appears to be incomplete. Another similar question has been attached for reference purpose and the answer provided herein is based upon that</u>.
It is common consumer behavior of sticking to a brand name despite another lower cost option providing the same base or constituent. Particularly in case of necessities, the law of demand i.e lower price higher demand fails as consumer would prefer being exposed to lesser risk no matter whatever be the cost.
In the given case, the consumer i.e Cole prefers going with a brand name as it provides him with a higher degree of assurance as the brand has a certain reputation attached to it which the other generic option lacks.
Secondly owing to his familiarity with the drug and it's past usage experience, he has developed brand loyalty apparently.
Thus, Cole's decision is attributable to <u>less risk.</u>
Answer:
$56.74
Explanation:
Base on the scenario been described in the question, we can use the following method to solve the problem
Solution Correct Response Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Purchase(Cash) Price Down Payment Amount Financed Add-onInterest Number of Payments Finance Charge $78810% $8%12 $56.74
