Interest, in a savings account, is calculated as a percentage of what you have saved.
A bank will let you know what percentage of interest they pay monthly on your savings account. Each bank can vary by what they pay in interest so it is important to do your research and search for a bank that gives an amount back that is suitable to you. Keeping your money in savings allows for interest to accrue at a faster rate.
Answer:
D) purchases of both long-term Treasury securities and mortgage-backed securities.
Explanation:
Quantitative easing is basically a large scale purchase of securities carried out by the FED. When the FED purchases long term Treasury securities, or any other type of security including mortgage backed securities, it is increasing the economy's money supply. Since the economy was facing a very deep recession, by increasing the money supply the FED was trying to boost the economy and make it rebound.
Answer: B, Domestic landowners in the clothing sector
Explanation:
This is because the profitability of goods is determined by input costs. Goods that require inputs that are locally abundant are cheaper to produce than those goods that require inputs that are locally scarce.
Answer:
C. Removing control of their labor and their sense of independence.
Explanation:
Before industrial manufacturing became the norm, skilled tradesmen worked in small-scale shops, had a lot of control over their labor, and had a sense of independence.
After industrial manufacturing, many skilled tradesmen went bankrupt because they could not compete with factories, neither in quantity of products made and sold, nor in the price that they could offer. Many of them had to abandom their shops and became industrial workers themselves, losing their autonomy and independence.
<span>A reduction in pricing does not necessarily increase overall revenue earned from a product.
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