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DerKrebs [107]
2 years ago
9

The Economic Stabilization Fund, created by the state legislature in 1988 as a sort of state savings account, is often also refe

rred to as what
Business
1 answer:
lapo4ka [179]2 years ago
4 0

Answer:

The Economic Stabilization Fund is also known as the rainy day fund.

Explanation:

This is a fund that the state of Texas (and many other U.S. states) can access in times of economic distress, in order to fund state spending.

The reason for this is that Texas, by it's constitution, must run a balanced budget, meaning that it cannot take on debt in case of deficit. This is why, in times when revenues do not match expenditures, the rainy day fund can be used as an option of last resort.

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Assume that you finance a new car when you graduate. It will cost $120,000 and you will finance it with a 84 month contract havi
shusha [124]

Answer: $1942.89

Explanation:

Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:

= PMT(9.2%/12, 84, -120000)

This will be slotted into the Excel calculator and the answer gotten will be $1942.89

Therefore, the monthly payment will be $1942.89.

6 0
3 years ago
George borrows funds from Hometown Credit Union (HCU) to buy real property. George signs a written instrument that gives HCU an
LUCKY_DIMON [66]

Answer:

a mortgage.

Explanation:

A mortgage is a type of loan where real estate serves as collateral. Usually mortgages are used by people wanting to buy real estate since they can borrow larger amounts of money.

In order for the borrower to receive money form the bank, he/she signs a contract by which the bank has a rightful interest in the property. In case the borrower doesn't pay, the bank can foreclose the property.

6 0
3 years ago
What is deficit financing?
FrozenT [24]
I think it might be C, but i'm not sure
3 0
3 years ago
Read 2 more answers
A company acquired an office building on three acres of land for a lump-sum price of $2,450,000. The building was completely equ
galina1969 [7]

Answer:

$735,000

Explanation:

The fair values of the assets may be used as a basis for determining the amount to be recorded for each of the assets.

This will be in a proportional manner such that the higher the fair value, the higher the actual cost assigned and vice versa to the asset.

Hence the amount to be recorded for the building

= 840,000 / (840,000 + 840,000 + 1,120,000) * $2,450,000

= $735,000

7 0
3 years ago
F. What effect does a low unemployment rate have on business? what effect does a high unemployment rate have on business?
taurus [48]

The effect of low unemployment rate on business is that the productivity of business will fall, and the effect of high unemployment rate on business is that the productivity of business will raise.

<h3>What is unemployment rate?</h3>

The unemployment rate refers to the state of being unemployed. The unemployment rate is derived by dividing the total number of people in the labor force by the number of people who are jobless.

The labor force is the total number of people who are employed and unemployed. A low unemployment rate has the impact of lowering business productivity, whereas a high unemployment rate has the effect of increasing business productivity.

Therefore, the unemployment rate is defined as the state of being unemployed.

Learn more about the unemployment rate, refer to:

brainly.com/question/17255561

#SPJ4

6 0
2 years ago
Read 2 more answers
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