Answer:B. $1,500
Explanation:
Interest revenue is money earned when an entity or individual loans money to another. it can also be regarded as money accrued from investments. IT is calculated as
Interest Revenue = Principal x Rate x Time
= $100,000 x 6% x 90/360
= $100,000 x 0.06 x 0.25
= $1,500
Therefore the interest charge by the bank is $1500.
Answer:
Production
Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers
Answer:
Letter a is correct. <em>Acceptable range of prices for any purchase situation.</em>
Explanation:
<u> The purchase decision</u> process is a systematic model that represents the rational or irrational steps a consumer goes through before making a purchase. These steps are related to solving needs, searching for information, evaluating similar alternatives, and post-purchase behavior.
The zone of acceptance is a step regarding the price range that the consumer is willing to pay for a particular product or service, and is influenced by each step of the consumer's buying decision.
Answer:
By increasing the amount of money in the economy, the central bank encourages private consumption. Increasing the money supply also decreases the interest rate, which encourages lending and investment. The increase in consumption and investment leads to a higher aggregate demand.
Explanation:
It is important for policymakers to make credible announcements. If private agents (consumers and firms) believe that policymakers are committed to growing the economy, the agents will anticipate future prices to be higher than they would be otherwise. The private agents will then adjust their long-term plans accordingly, such as by taking out loans to invest in their business. But if the agents believe that the central bank’s actions are short-term, they will not alter their actions and the effect of the expansionary policy will be minimized.
