Answer:
Decrease; Increase
Explanation:
When there is a decline in the marginal productivity of low skilled workers, it results in a decline or decrease in the demand for low skilled workers. Marginal productivity is the extra output gained from adding one unit of labour. Thus, if low skilled workers are added to increase marginal productivity, but then reaches the point of decline, the demand or the need for those low skilled workers reduces. The reduction or decrease in the demand for these low skilled workers then lead to an increase in number of unemployed workers as those unskilled workers becomes jobless.
Answer:The answer is passbook
Explanation:
savings Account is the most common form of bank account for the low income earners, The main objective of savings account is to encourage people to form a habit of savings. This type of bank account is operated with the use of passbook and interest is paid to the owners of this account. The amount used in opening a savings account vary from banks to banks, the interest payable on the account to owners of the account also varies from banks to banks.
This account has two maximum number of times in a month that the owners can withdraw money from the account, if withdrawals are more than twice in a month, it means the owners is operating it like current account and will therefore not attract any interest in that month.The interest on this type of account is calculated either monthly,quarterly, or yearly.
If round house furniture offers credit to its customers at a rate of 1.15 percent per month. The effective annual rate of this credit offer is: 14.71 percent.
<h3>
Effective annual rate </h3>
Given data:
Rate per month = 1.14 percent
Number of months in a year = 12 months
Now let determine or find the effective annual rate using this formula
Effective annual rate =(1 + rate)^ n -1
Let plug in the formula
Effective annual rate = (1 + .0115)^12- 1
Effective annual rate = (1 .0115)^12- 1
Effective annual rate = 1.14707 -1
Effective annual rate = .1471 × 100
Effective annual rate = 14.71 %
Therefore we can conclude that the annual rate is 14.71 percent.
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Answer:
Production for the third quarter 20,500
Explanation:
<u>Third quarter production</u>
sales for the period 20,000
desired ending inventory
25% of next quarter
25% of 18,000 = 4,500
Total requirement 24,500
Beginning Inventory
25% of quarter sales
25% of 20,000 = (4,000)
Production for the third quarter 20,500
The sales for the period and the desired ending invnetory are the total units we require for the quarter
Our beginning inventory, are units we already have, so it decrease our needs for the quarter production.
Answer:
False
Explanation:
Not all depositors will get their cash. The FED, which is the body that regulates commercial banks, requires the banks to keep only a small percentage of customers deposits in their custody. The percentage maintained in the banks is known as the reserve. The percentage of the reserves requirement varies with time.
If all depositors decide to withdraw at once, they can not get their money as only the reserve amount will be available in the banks. Commercial banks usually lend out the rest of the customers' deposits to make profits.
