Answer:
A. That money earns interest when the bank loans it out.
Explanation:
Banks pay their customers interest on the money in their accounts because that money earns interest when the bank loans it out.
 
        
             
        
        
        
Answer: The Nominal Interest rate, which is how fast the dollar value of savings grows
Explanation:
Banks advertise the Nominal Interest rate. This is the rate that measures purely, how much return is received or paid if one lends out money or borrows money respectively. 
It is therefore the value at which savings grow. 
It is not adjusted for inflation yet but when adjusted is called the REAL INTEREST RATE. 
It is important to note that when Banks advertise the Nominal rate, it is not yet adjusted for fees or the compounding of interest. 
 
        
             
        
        
        
Answer:C) $2,125.
Explanation:
Interest = Principal x rate x time (period)
using days in a year = 360 days 
Interest = $85,000 X 10% x 90/360
=$2,125 
 Therefore, Alabaster Inc, must repay the $85,000 principle and $2,125 in interest
 
        
             
        
        
        
Answer:
See below
Explanation:
With regards to the above, Jaheem's business profit increase is calculated as
= Fixed cost + Desired profit/Contribution margin
Given that;
Fixed cost = $400,000
Desire profit = $22,000
Contribution margin = $9.4
= $400,000 + $22,000/($24 - $14.6)
= $422,000/$9.4
= $44,894
Therefore, increase on profit
= $44,894 - $22,000
= $22,894
 
        
             
        
        
        
Answer:
Correct option is (a), Different copyright rules for pre and post 1978 works
Explanation:
Copyright is a right given exclusively a person who has created a new work and reproduce it for a stipulated time. It is granted for a stipulated time period.
For all creations after 1978, copyright is granted for the years that the creator live and seventy years after his life.
For creations before 1978, that were not published, same rules are applicable as of post 1978 period. However, for works published before 1978, copyright was granted for total 95 years that is divided between 28 years from the date of registration of work and renewed for 67 years on expiry.
So copyright rules differ for works published pre and post 1978.