Answer:
The supply of loanable funds will decrease, interest rates will rise, and the quantity of saving and borrowing will decrease.
Explanation:
If the people become more impatient then there will be less saving by them. So, there will be less money available with the people for providing loanable funds to the borrowers. Hence, as a result the supply of loanable funds decreases in the market for loanable funds.This will shift the supply curve of loanable funds leftwards and there is a rise in the interest rate.
It will be expensive for the borrower to take funds from the lenders at a higher interest rate, as a result they make less investment.
Answer:
I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.
I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).
Answer:
The weighted average equivalent units of production for materials for the month would be 62,400 units
Explanation:
Consider the following formula:
Equivalent units of production for materials = Units completed and transferred out + Units in ending WIP * % of completion
= 60000 + (6000*40%)
= 62,400 units
Answer:
$30,000
$20,000
$10,000
Explanation:
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
$100,000 - $70,000 = $30,000
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.2 x $100,000 = $20,000
Excess reserves is the difference between reserves and required reserves
$30,000 - $20,000 = $10,000
