In what context do you ask this question, and in relation to what country?
Answer:
see below
Explanation:
Simple interest is a method of calculating gains or yields from savings, deposits, or credit. In simple interest, the interest earned is a constant figure throughout the life of an investment or loan. Simple interest is usually expressed as a percentage, called the interest rate. It is calculated by multiplying the interest rate by the principal amount and by the time. The interest rate quoted applies for a year.
Unlike simple interest, interest earned in compound interest increases every year. Compounding interest refers to the practice of adding interest earned to the principal amount. An increase in the principal amount results in an increase in the interest earned. Due to the compounding effect, a compound interest-earning account will yield more interest than a simple interest-earning account.
Currently, U.S. currency is fiat money with no intrinsic value. Thus the correct answer is B.
<h3>What is intrinsic value?</h3>
Based on the cash flows from an investment, intrinsic value calculates its worth. The difference between market value and intrinsic value is that the first tells you how much other people are prepared to pay for an item, while the latter reveals the asset's worth based on an examination of its real economic performance.
It can be used for purposes other than serving as a means of exchange, commodity money has intrinsic worth. Fiat money has no intrinsic value and is only used as a means of exchange because the government has sanctioned its use in that capacity.
Therefore, option B fiat money with no intrinsic value is the appropriate answer.
Learn more about intrinsic value, here:
brainly.com/question/17273064
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Answer:
Option (b) is correct.
Explanation:
There are three types of price discrimination:
(i) First degree price discrimination or Perfect price discrimination
(ii) Second degree price discrimination
(iii) Third degree price discrimination
Perfect price discrimination refers to a situation in which the selling price of the product is equal to the price that a consumer willingness to pay for the product. This is a situation in which there is no consumer surplus.
Consumer surplus = Actual price paid by the consumer - Willingness to pay for the product
