Answer:
Opportunity cost is $10
Explanation:
Opportunity cost is the concept in economics that looks at the cost of doing an activity, that is the foregone alternative.
Ali decides to attend a one-hour review session in so doing he has foregone one hour's wages where he works. As one hour pays $10, he has lost $10 for attending the review session.
Answer:
A.) Medium of exchange - Here money is used for doing transaction and therefore, this example is under the medium of exchange.
B.) Store of value - Here, a person store or deposits his money into a bank and therefore, this shows the store of value characteristic of money.
C.) Medium of exchange - Here, one of my friend utilize money for helping me mowing lawns which shows that money is used as a medium of exchange.
D.) Unit of account - The unit of account characteristic of money is reflected here because a person easily calculated his net earnings for the year on the tax return in terms of money.
E.) Unit of account - The unit of account characteristic of money is reflected here because a person easily calculated his new lawn mower value.
Answer:
C. She may receive distributions over her expected life
Explanation:
The deal that derives that if there is one inherits so IRA could be inherited from the spouse. In this case, the fund would remain in the IRA with no tax outstanding unless the spouse continues for taking the distributions it could be started by age 70 and half.
If we skip the given away option that implies the transfer the IRA in a Beneficiary Distribution Account. Also the distributions arise when there is a depletion over the five years
Since she is 28 years old so the expected life is for another 50 + years or more so it decreases the needed yearly distribution
Therefore the option C is correct
Answer: 13.87%
Explanation:
Effective interest rate is calculated by the formula:
= (1 + APR / Number of compounding periods)) ^ Number of compounding periods - 1
Number of compounding periods = 365 days in a year
= (1 + 0.1299/365) ³⁶⁵ - 1
= 0.138688
= 13.87%
Answer:
to regulate banks.to provide stability to the economy
