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3 years ago

Breton Woods Standards were found to be inadequate mainly because

Business

1 answer:

Elina [12.6K]3 years ago

7 0

Answer:

A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.

Explanation:

The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.

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If a bank deposit will double in value in 18 years, the rule of 72 implies that the interest rate on the deposit must equal is a

arlik [135]

Answer:

b. 4 percent

Explanation:

According to the rule of 72, hte number of years required for an investment to be doubled can be obtained by dividing 72 by the interest rate (in percentage). If it takes 18 years for the investment to bouble in value, the interest rate is:

$18=\frac{72}{i}\\i=4\%$

The interest rate on the deposit is 4%.

7 0

4 years ago

g Transfer payments are a. included in GDP because they represent income to individuals. b. included in GDP because they eventua

WINSTONCH [101]

Answer: c. not included in GDP because they are not payments for currently produced goods or services.

Explanation: Transfer payments are usually not included in the GDP because they do not represent payments made for recently produced goods or services.

The Gross Domestic Product (GDP) is the monetary value attached to all finished goods and services produced within a country during a time period.

7 0

3 years ago

You need a 35-year, fixed-rate mortgage to buy a new home for $260,000. Your mortgage bank will lend you the money at an APR of

nexus9112 [7]

Answer:

$345,050

Explanation:

An annual percentage rate (APR) is the annual rate that is paid on amount borrowed or received from an investment. It is usually stated as a percentage which indicates the annual cost of funds over the term of a loan.

From the question we have:

Mortgage loan amount = $260,000

Monthly repayment amount affordable = $1,000

ARR = 5.55%

Monthly ARR = 5.55% ÷ 12 = 0.4625%

Mortgage loan tenure in years = 35

Mortgage Loan tenure in months = 35 × 12 = 420

ARR amount payable monthly = Mortgage Loan × Monthly ARR

= $260,000 × 0.4625%

= $1,202.50

Total ARR amount payable = ARR amount payable monthly × Mortgage Loan tenure in months

Total ARR amount payable = $1,202.50 × 420

= $505,050.00

Total mortgage loan to repay after 35 years = Mortgage loan amount + Total ARR amount payable

Total mortgage loan to repay after 420 months = $260,000 + $505,050

= $765,050

Total repayment amount affordable = Monthly repayment amount affordable × Mortgage Loan tenure in months

Total repayment amount affordable = $1,000 × 420

= $420,000

Balloon payment after 420 months = Total mortgage loan to repay after 420 months - Total repayment amount affordable

Balloon payment after 420 months = $765,050 - $420,000

= $345,050

Therefore, the balloon payment have to be as large as $345,050 to keep monthly payments at $1,000.

7 0

3 years ago

(01.02 MC)

mart [117]

Answer:Ob

---ways people obtain their wants with limited resources

Explanation:

Economics as defined by Lionel Robbins is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses.

The economy generally is filled with people having unlimited wants but the resources( land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by providing variety of goods and services from the scarce resources so that people can have choices to choose from in satisfying their limitless wants in order of preferences.

8 0

3 years ago

Suppose that Dillon derives 40 utils of total utility from eating 5 hotdogs and 42 utils of total utility from eating 6 hotdogs.

gavmur [86]

Answer: The marginal utility is 2

Explanation:

Utility is the satisfaction derived from the consumption of a particular commodity. Total utility is the total satisfaction derived from the consumption of a particular commodity. Marginal utility is the extra satisfaction that a consumer gets from consuming a product. Utility is measured in utils.

Marginal utility increases with an extra consumption of a good at first but later it begins to reduce as the extra good consumed doesn't really have give the consumer enough satisfaction anymore.

Regarding the question, eating 5 hotdogs gives 40 utils and eating 6 hotdogs gives 42 utils.

The marginal utility is the extra utils which will be 42-40 which gives 2 utils.

3 0

3 years ago