Banks make a profit by c. charging interest
Answer:
Statement a. is correct.
Explanation:
The effective annual rate is always higher than the nominal interest rate, as the formula is clear for any number of periods, for any interest rate:
Effective Annual Rate of return = 
Further if we calculate the present value of annuity due and ordinary annuity assuming 6 % interest rate, then:
Present value of annuity due =
= 1.06 
$400.95
= $425.0089
Present value of ordinary annuity = 
= $150 2.6730
= $400.95
Therefore, value of annuity due is more than value of ordinary annuity.
Statement a. is correct.
Answer:
The demand for pork would decrease and the equilibrium price of pork would decrease.
Explanation:
Substitute goods are goods that can be consumed in place of each other.
If the price of chicken falls, consumers would increase the quantity demanded of chicken and reduce their demand for pork. The fall in the demand for pork would lead to a leftward shift in the demand curve for pork. A leftward shift in the demand curve while the supply curve remains unchanged would lead to a fall in equilibrium price of pork.
I hope my answer helps you
To promote economic growth, countries would most likely act so that inflation : Remain at low level.
High inflation could potentially rise the average prices of the products within the country. In order to grow, people have to able to sustain a strong financial condition, so a condition where average prices is low is far more favourable.
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When products are used in tv programmes, films, etc., we speak of product placement.
In a production aimed at a broad audience, branded goods and services are featured as a kind of product placement advertising. Product placements, sometimes known as "embedded marketing" or "embedded advertising," are frequently seen in motion pictures, television programs, home videos, radio, and—less frequently—live performances.
Companies may give a production firm or studio money, commodities, or services in exchange for the license to use their products.
Throughout the show, product placements are used, addressed, or discussed in a way that will positively influence viewers' opinions of the promoted brand.
Branded products and services are highlighted in a production with a wide audience as a form of product placement advertising.
Learn more about product placement at
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