The correct answer is Credit cards.
What is a Credit card?
A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit. It enables customers to make purchase transactions on goods and services. The credit card limit is determined by the credit card issuer based on factors such as income and credit score, which also decides the credit limit.
The advantages of credit card are:
- Hassle-free shopping experience.
- No need to carry cash.
- Rewards, cashback, and offers.
- Widely accepted.
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Answer:
Bond Price = $851.6088449 rounded off to $851.61
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,
Coupon Payment (C) = 1,000 * 0.11 = $110
Total periods (n) = 9
r or YTM = 0.14
The formula to calculate the price of the bonds today is attached.
Bond Price = 110 * [( 1 - (1+0.14)^-9) / 0.14] + 1000 / (1+0.14)^9
Bond Price = $851.6088449 rounded off to $851.61
Answer:
The correct answer is letter "C": raises the interest rate and reduces investment.
Explanation:
Budget deficits are the situations in which organizations run out of money to continue handling their businesses. Under such scenarios, <em>the interest rate is higher because the central bank, the Fed in the U.S., increases it to avoid an excess in borrowed money that could lead to an increase in the general prices with causes inflation.</em> If interest rates are higher the demand for borrowed money would be moderate.
<em>Budget deficits also cause investments to decrease because the less money a firm has, the more stagnant it projects remain.</em>
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