Government collects tax and distribuit it as budget to all locals and distrbuit as needed
Answer:
7.44 %
Explanation:
The Yield to Maturity (YTM) is the Interest rate that makes the Present Value of Coupons and Principle equal the Market Price or Current Price of the Bond.
The Yield to Maturity can be calculated using a financial calculator as follows :
PV = - $100
N = (15 -2) × 2 = 26
PMT = ($100 × 7.30%) ÷ 2 = $3.65
FV = $103
P/YR = 2
YTM = ?
Therefore, Inputting the values in the calculator as shown gives the Yield to Maturity is 7.44 %.
Answer:
True is the correct answer.
Explanation:
Answer:
Financial intermediation
Explanation:
The feature described is referred to as financial intermediation. These banks and financial institutions borrow money from lenders and lend to the companies that need capital for investment. By doing these, they provide safety in accessing money and spread the risks. It is basically channelling savings to investments by intermediary institutions which include insurance companies, credit unions and pension funds.
Wage employment is Someone who works as a salaried employee earning a set amount of money each week. They may be paid weekly, bi-weekly or monthly. Self employment is someone who is Self-employed is an individual whoworks for himself instead of working for an employer that pays a salary or a wage.