Answer: income effect of a price change.
Explanation: The income effect is known as the effect on real income when price changes, it can however be positive or negative. The income effect expresses the impact of increased purchasing power on consumption.
In this scenario, spending $10 for lunch, and you would like to purchase two cheeseburgers. When you get to the restaurant, you find out the price for cheeseburger has increased from $5 to $6, so you decide to purchase just one cheeseburger, this scenario best illustrates the income effect of a price change.
Answer:
Financial markets have the ultimate purpose of:
C. Bringing several parties together in order to engage in buying, selling, and trading activity of financial assets
Explanation:
A financial market is a platform that brings several parties together in order to engage in buying, selling , and trading activity of financial assets. It generally offers an opportunity to investors in financial assets to either buy or sell the assets. Some examples of financial assets include; securities, bonds, stocks, and currency.
In capitalistic economies where there is high competition, the access of financial assets play a major role in ensuring that such economies run smoothly. Financial markets make it is for companies to trade their financial assets in an easy and fast manner. It also provides more accessibility to borrowers and also give an opportunity to the lenders to earn some interest on their money.
Financial markets involve the buying and selling of various financial assets and thus there is need for transparency to ensure that the market prices are fair. The information about the prices need to be clear and appropriate to protect investors.
Answer:2.68
Explanation:
divide the income into the expenses
Answer:
A. Expensed when incurred.
Explanation:
An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).
The correct answer is choice b.
Banks are profit-making institutions. Their purpose is to make a profit for their owners or stockholders. They need to charge more interest on the money that they loan out than what they pay on savings accounts so that there is a profit for them.
