The purpose for holding money in economic in classified into:
- transactional motive
- precautionary motive
- speculative motive
<h3>The Drop-downs includes:</h3>
- When price levels rise, people hold onto cash. - Speculative motive
- When interest rates are low, people forgo interest income - Speculative motive
- When aggregate income is high, people hold cash to buy goods that are plentiful and cheap - Transactional motive.
- When interest rates are low, people speculate that they will soon increase - Speculative motive
- Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. - Speculative motive
- Ben is a consumer and decides not to purchase luxury items because they are too expensive - Speculative motive
- Chad thinks it to be a good opportunity to buy the products from the market as the supply has increased. - Transactional motive
- Daphne is holding onto her money as she feels that the interest rate will go up soon - Speculative motive
Read more about holding motives
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Answer:
Go to the room beforehand and figure out what technology he needed to bring.
Explanation:
In bussiness presentation you wont always expect your client to provide you with the technology needed to give the presentation. It is best for you to ask and then come prepared rather than go empty handed.
Answer:
Increase and decrease the interest rate in the economy by a certain percentage
Explanation:
The Federal Reserve can influence the prevailing interest rates. However, it cannot increase or decrease the interest rate in the economy by a certain percentage. The Federal Reserve influences interests rate by adjusting the fed funds rate. The feds fund rate is the interest rate that banks charge each other when they borrow from each other.
The Federal Reserve can lend to commercial banks, Adjust reserve requirements, and buy and sell U.S. securities.
Answer:
Bell inc should report $980,000 as the total amount of inventory at the end of the year.
Explanation:
Given information -
Inventory that were on hands - $830,000
Inventory that was in transit - $60,000
Inventory that was out on consignment - $90,000
Here for taking out the total inventory all of the given above items would be added .
Inventory that was in transit would be added because these f.o.b. goods would be considered transferred from seller to buyer as soon as they are shipped, so it doesn't matter if they're received two days after the inventory count , they will be added.
Goods which are sent on consignment would also be added because goods would remain in the name of consignor ( Bell inc ) until they're sold by consignee ( an agent who has been hired by Bell inc to sell its goods )
Inventory at end of year - $830,000 + $60,000 + $90,000
= $980,000
Answer:
The answer is YED for concert tickets = 20%/ 20% = 1
YED for bus rides = -20% / 20% = -1
Explanation:
income elasticity of demand (YED) = % change in Quantity demanded / % change in income
% change in income= (240-200) / 200 * 100= 20%
YED for concert tickets = 20%/ 20% = 1
YED for bus rides = -20% / 20% = -1
The income elasticity of demand for concert tickets and bus rides is unitary which means the rise in income is proportionate to the increase in the quantity demanded.
