Answer:
Consumers buy and use the products that producers make and sell to the public. So the roles are consumers=buy while producers=make.
Answer:
A function that will be executed
Explanation:
<span>If this key employee were to die and the policy is still in force and unchanged, the death proceeds will be directed with the Key Person Insurance. The company will purchase, owns, pays the premiums and is the beneficiary of the life insurance on the key person. This is because the key person is still employed in that company.</span>
The opportunity cost is greater than the one of the apples
As a result of saving's rates being less than 1% today, the power of compounding is negligible and not used.
The <u>power of compounding</u> refers to the increase in savings as a result of interest being charged on an accrued amount.
For one to truly take advantage of the power of compounding, the interest rate would have to be higher than the inflation rates.
Inflation rates are:
- The rates by which the prices of goods and services increase in a county
- Currently 5.4% as of September 2021
With inflation rates being significantly higher than savings rates, the interest made will be wiped out by the increase in prices. The power of compounding can therefore not be taken advantage of.
In conclusion, inflation rates are significantly higher than savings rates which is why the power of compounding for savings is all but useless.
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