Answer:
True
Explanation:
Money Market Deposit Accounts (MMDA) are a type of checking accounts with some investment’s characteristics. They have higher interest rates than regular passbook savings accounts and offer a few types of check writing and debit card transactions, with restriction (will depend on the bank or credit union rules). In that way, they can be seen as an investment account, has it has interest rates benefits over regular accounts and also as a checking account due to debit card and check writing uses.
For people who do not graduate from high school, their median yearly earnings are roughly $19,000 per annum.
<h3>What is the meaning of median
yearly earnings?</h3>
The median yearly earnings means the average amount earned per annum by a person.
The individual who do not graduate from high school is also called an high-school dropout, hence, the statistics shows that their median yearly earnings are roughly $19,000 per annum.
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Answer:
George LaDuc is the manager of a nonprofit agency that provides transportation for parents of children with life-threatening diseases. Each year the prices of necessities such as groceries, housing, and electricity continue to rise, but LaDuc's salary stays the same. LaDuc's _purchasing power____ is being eroded by his stagnant salary and increasing prices.
Explanation:
LaDuc's purchasing power is the value of the dollar expressed in relation to the quantity of goods or services that his income can buy. This value can be eroded by stagnant salary and increasing inflation rate. This means that the purchasing power of La Duc depends not on his income but on the quantity of goods and services that he can buy with the income.