Answer:
That statements is false
Explanation:
When you borrow money, interest represent the additional amount that you need to give back to the creditor. For example let's say that you borrow $1,000 with 10% interest rate per year. After one year, you need to pay back the loan with additional $100 ($1,000 x 10%) for the creditor.
This means that when the interest rate is high, it will cost you more to borrow money.
Answer: Option B
Explanation: In simple words, retailing refers to the process in which an organisation makes their produced goods or serve to the end consumer efficiently. The retailing adds the value of the commodity by providing it to the end consumer more easily as everyone would not be able to collect the desired commodity directly from supplier.
Any business unit that is involved in the activity of purchasing the goods and selling the goods further for a margin is involved in retailing process. Retailer usually collects its inventory from the whole seller appointed by the producer.
Answer:
-$100 and -$1,500
Explanation:
The computation is shown below:
As we know that
Total saving = Private saving + public saving
where,
Private saving is
= Y - T - C
= $9,000 - $1,200 - $7,500
= $300
And, public saving is
= T - G
= $1,200 - $1,600
= -$400
So, the total saving is
= $300 - $400
= -$100
And, the value of current account balance is
= GNP - C - I - G
= $9,000 - $7,500 - $1,400 - $1,600
= -$1,500
The best option to invest money for her college fund would be to buy a savings bond. The correct answer is A.
