Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.
Explanation: Hopefully this helped!
Salutary products are products that have low immediate appeal but may benefit consumers in the long run.
<h3>What is Long Run?</h3>
There is a time frame known as the long run during which all cost and production elements are erratic. In the long run, businesses modify every expense, but in the short term, they can only affect prices by changing their production levels. A company may also anticipate competition in the long run, even though it may currently have a monopoly in the near term.
A long run is a span of time during which a manufacturer or producer can make production-related decisions with some latitude. Depending on the predicted profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry.
In order to achieve an equilibrium between supply and demand, firms that look at the long term understand that they cannot change output levels.
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Answer:
$6,312.38
Explanation:
Bradley snapp deposited $5,000 in an investment account
He was given a rate of 6% compounded annually
He plans to leave the money there for 4 years when he will make a down payment on a car
Therefore the down payment which he will be able to make can be calculated as follows
= $5000×(1+0.06)^4
= $5000×1.06^4
= $5000 × 1.26247696
= $6,312.38
Hence the down payment Bradley will be able to make is $6,312.38
