1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AVprozaik [17]
3 years ago
8

What is the primary function of financial institutions in the economy?

Business
1 answer:
Serhud [2]3 years ago
7 0
Financial institutions in the economy determines the cost and the quantity of funds available in the economy to pay for thousands of goods and services we purchase daily.
You might be interested in
According to Utilitarianism, my own happiness and the happiness of loved ones count more than the happiness of strangers.
8_murik_8 [283]
True



If wrong pls tell me
8 0
3 years ago
Read 2 more answers
Suppose the fixed interest rate on a loan is​ 5.75% and the rate of inflation is expected to be​ 4.25%. The real interest rate i
Alex

Answer:

Lenders loose and borrowers gain

Explanation:

Whenever inflation increases the value of money falls and technically erodes interest rates (hence real interest rate falls although nominal rate stays the same)

In the scenario, if the inflation rate rises to 5.5%, then the real interest rate falls further from 1.5% to (5.75% - 5.5%) 0.25%, demonstrating that the lender is loosing further.

Contrarily, the borrower will technically be paying lesser interest to the lender because he will be paying lesser money in value to the lender both in terms of interest and principal

8 0
2 years ago
Alyona recently purchased a car. In her first auto loan statement, she was surprised to find a letter for a life insurance compa
Ad libitum [116K]

Answer:

Credit life Insurance

Explanation:

The scenario describes Credit life insurance

This is a form of insurance policy that that is designed to pay off the balance on a policy holder's outstanding loan in case of death. It is designed for the protection of lender and heirs who are co signers from loss in case of the death of the borrower.

The insurance is liable to the balance on the loan as at the time of the death of the borrower.

3 0
3 years ago
What are examples of cocurricular education? Check all that apply.
DENIUS [597]

a CTSO for students taking marketing classes

a club providing hands-on laboratory experience for students taking a science class

an agricultural organization for students in an agricultural school

4 0
2 years ago
Read 2 more answers
What is the critical issues confronting WCC North America and what changes, if any, should be initiated to address the critical
irakobra [83]

Answer and Explanation:

What is the critical issues confronting WCC North America?

WCC North America faces a supply chain management issue whereby there are lapses in integrating divisions within the organization resulting in complications with determining order status of customers.

What changes, if any, should be initiated to address the critical issues?

The text "Supply Chain Logistics Management, by Donald J. Bowersox, David J. Closs, M. Bixby Cooper, John C. Bowersox, 2013" mentions the need to address the critical issue of WCC North America by setting up a system that populates data of customer order status,recognizing them as high volume key accounts, in order to keep order response efficient and effective.

7 0
2 years ago
Other questions:
  • What are the advantages and disadvantages of Frito-Lay drivers stocking their customers’ shelves?
    10·1 answer
  • A property is purchased for $200,000 with an 80 percent LTV. After five years, the owner's equity is $80,000. What would be the
    10·1 answer
  • Meaning of concept in semantics​
    12·1 answer
  • Q6. Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment. What factors could m
    5·1 answer
  • At December​ 31, 2018​, Salish Hardware owes $ 4 comma 800 on accounts​ payable, plus salaries payable of $ 5 comma 300 and inco
    9·1 answer
  • Assume that the seller owes $80,000 on a loan for the land. After receiving the $298,000 cash in (a), the seller pays the $80,00
    10·2 answers
  • 30 points please help!
    11·1 answer
  • All of the following are tactics that stores use to encourage you to make impulse choices EXCEPT ..
    5·2 answers
  • On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program upfront. The program in
    5·1 answer
  • Cailin Corp issues 10,000 callable bonds with same coupon rate and years to maturity in part A, where coupon rate is 8%, maturit
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!