Answer:
The correct answer is (a) Finance companies are not allowed to accept deposits.
Explanation:
Solution
The financial companies are permitted to accept the public deposits through the issue of bonds for a specified period pf time and in return they have to pay the market interest rate to the investors. while these companies are supervised by the Australian Securities and Investments Commission (ASIC).
The credit unions are the cooperative bank produced by the large corporations or the bankers to issue the credit to their members and representatives only.
Answer:
If the marginal propensity to import equals.0.10, the marginal propensity to consume must be 0.2333333
Explanation:
In order to calculate the marginal propensity to consume (MPS), we would have to use the following formula:
Multiplier =1/(MPS+MPI)
Multiplier =change in income/change in autonomous spending
Multiplier =$900/$300
=3
Therefore, 3=1/(MPS+0.1)
3MPS+0.3=1
3MPS=0.70
MPS=0.70/3=0.2333333
If the marginal propensity to import equals.0.10, the marginal propensity to consume must be 0.2333333
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Answer: True.
Explanation:
With the rise in the use of email to communicate during a business transaction, the hard-copy message still has a higher value than the emails: this is because hard copy messages can easily be kept for reference purposes and also they most times bear the stamp and signature of the person(s) transacting the business.
