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vivado [14]
3 years ago
11

PLEASE HELP NOW!!! Why is a higher interest rate important when saving money?

Business
1 answer:
Fynjy0 [20]3 years ago
8 0
B.) It grows savings at a faster pace.

The interest rate determines how much money a bank pays you to keep your funds on deposit. Suppose you deposit $5,000 into a savings account, don’t deposit or withdraw any more money and the interest rate doesn’t change. If the account has a 1.00% interest rate and the interest compounds annually—that is, the bank pays you interest on your balance once each year—you’ll earn $50 after the first year. -Discover.com
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X Corporation and its two divisions, Domestic and Foreign, appear below:
anyanavicka [17]

Answer: $192,200

Explanation:

Based on the information that have been provided in the question, the segment margin for the domestic division will be calculated as:

Segment Margin = Segment Sales Revenue - Segment Variable Expenses - The Traceable Fixed Cost

= $640,000 - $371,300 - $76,500

= $192,200

5 0
2 years ago
John Maynard Keynes recommends active fiscal and monetary policy, so that the government can stimulate the economy when necessar
irinina [24]

Result of active fiscal policy : there may be stimulation of the economy in the short run, but there will be harmful effects to the economy in the long run.

Explanation:

Active fiscal policy implies that Congress and the President are actively attempting to shift the trajectory of the economy by adjustments in taxes and/or government expenditure.

In an open market, monetary policy often influences the rate of exchange and trade balance.

Moreover, in the long term, the development of international debt, which stems from large government expenditures, can lead investors to mistrust US assets which may trigger the exchange rate to fall.

5 0
3 years ago
Consumer surplus in a market for a product would be equal to​ ________ if the market price was zero.
Scrat [10]
The answer to your question is the area under the demand curve
6 0
2 years ago
"When the dollar appreciates, U.S." exports increase, while imports decrease. b. exports and imports increase. c. exports decrea
Zina [86]

Answer:

C) Exports decrease, imports increase

Explanation:

If the US dollar appreciates, the US dollar has now more value per unit of foreign currency than before. For example, suppose that today 1 US dollar buys 0.8 Euro, and tomorrow, Europe is hit by a financial crisis, and the US dollar appreciates, and buys 1.2 Euro. The US dollar has appreciated, has become more expensive, becomes now more euros are needed to buy 1 US dollar.

When the US dollar gains value, domestic goods become more expensive compared to foreign goods, and this promotes imports, and reduces exports.

This is the reason why China keeps a depreciated currency: China is an export economy and the cheap Chinese currency makes exports cheaper, and imports more expensive.

5 0
3 years ago
John is a drummer who purchases his drumsticks online. When practicing with the newest pair, he notices they feel heavier than u
Vinil7 [7]

Answer:

0.0042 is the probability of the stick's weight being 2.33 oz or greater.  

Explanation:

We are given the following information in the question:

Mean, μ = 1.75 oz

Standard Deviation, σ = 0.22 oz

We are given that the distribution of drumsticks is a bell shaped distribution that is a normal distribution.

Formula:

z_{score} = \displaystyle\frac{x-\mu}{\sigma}

P(stick's weight being 2.33 oz or greater)

P(x > 2.33)

P( x > 2.33) = P( z > \displaystyle\frac{2.33 - 1.75}{0.22}) = P(z > 2.6363)

= 1 - P(z \leq 2.6363)

Calculation the value from standard normal z table, we have,  

P(x > 2.33) = 1 - 0.9958 =0.0042= 0.42\%

0.0042 is the probability of the stick's weight being 2.33 oz or greater.

6 0
3 years ago
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