Answer: less than the multiplier effect of a change in government spending.
Explanation:
The multiplier effect of government transfers refers to the measure by which the aggregate demand will increase by as a result of government transfers increasing.
This multiplier is less than the multiplier effect of a change in government spending. This is because government spending affects more people in the economy as it targets both companies and consumers. Government transfers on the other hand, target only welfare and unemployment payments amongst others so it cannot have the same effect as government spending.
Answer:
Total finance charge=$23.75
Explanation:
<em>The amount charged for the use of the fund by a bank is called interest rate. Here it is quoted as 21% per annum but we will need to determine the approximate monthly rate by dividing by 12</em>.
The total finance charge will be equal = Interest rate + advance fee
Monthly interest rate = 21/12 =1.75%
Interest payment = 1.75%× $500=$8.75
Advance fee = 3%× $500= $15
Total finance charge = $8.75 + $15= $23.75
Total finance charge=$23.75
Answer:
All information of the check is important,so make sure that the bank yellers,retailers and check scanners can get the details needed. The payee name,amount in words,account AMD routing numbers and signature are absolutely essential.
What is the question you are looking to have answered?
Answer:
$9,300.82
Explanation:
The formula for calculating present value:
P = FV (1 + r)^-n
FV = Future value = $1.25 million
P = Present value
R = interest rate = 6.4 percent.
N = number of years = 79
1.25 (1.064)^-79 = $9,300.82
I hope my answer helps you