Answer:
Change in supply means a total shift from product A supplied to product B.
Change in quantity supplied means in the same product A, the number of products supplied either increases of decrease but the product is still the same.
Explanation:
Change is supply is a total shift in products and change in quantity is only the number of units supplied in the same product. For an example, seasonal products like fruit are an example of both change in supply and change in quantity supplied. If Oranges are in season then the number of units supplied is obviously high and when the season is phasing out then the number will obviously decrease, law of demand and that is change in quantity supplied. When the season is out the market will shift products from Oranges to a available product.
Answer:
C. 4.93 percent
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. The value of the annuity is also determined by the present value of annuity payment.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where
P = Monthly receipt = $1,225
n = number of period = 30 years x 12 month each year = 360 months
As we already have the present value of annuity we need to calculate the rate of return.
$230,000 = $1,225 x [ ( 1- ( 1+ r/12 )^-360 ) / r ]
r = 4.93
Answer:
Retail banks operate in order to earn profit, while credit unions are nonprofit
Explanation:
What is a major difference between retail banks and credit unions?
Retail banks only serve businesses, while credit unions only serve individuals.
- This answer is false, both retail banks and credit unions serve businesses and individuals.
Retail banks operate in order to earn profit, while credit unions are nonprofit.
- This answer is true, retail banks earn profits while credit unions are non-profits.
Retail banks only have small local branches, while credit unions are nationwide.
- This answer is false. Generally speaking, retail banks have a much larger geographic footprint than credit unions. Many retail banks are found across the entire country (and sometimes world!) but most credit unions are focused on serving their local community.
Retail banks manage a person's money, while credit unions focus on providing loans.
- This answer is false. Both retail banks and credit unions offer money/investment management services in addition loans. The financial products offered by retail banks and credit unions depend on the market served and business conditions.
Answer:
a. Increased creativity
Explanation:
When properly managed diversity is beneficial to companies.