If Paddyland was a true market economy with no government interaction, then a scarcity of rice would mean that the price of rice would go up until the level of supply and demand evened out.
Answer:
$1,779.90
Explanation:
Formula for finding the amount he has to save, this formula would be used :
Amount = FV / annuity factor
Annuity factor = [(1 + r)^n - 1 / r]
FV = Future value = $5920
n = number of years = 3
i = interest rate = 10.5
Annuity factor = (1.105^3 - 1 ) / 0.105 = 3.326025
$5920 / 3.326025 = $1,779.90
Answer:
A. Testimonial
Explanation:
A testimonial typically refers to the the experience a person has with the product or service. It usually contains positives, but also can have negatives as well.
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Answer:
The Legal Tender Act allowed the government to print $150 million in paper money that was not backed by a similar amount of gold and silver. ... The government was able to pay its bills and, by increasing the money in circulation, the wheels of Northern commerce were greased.
Explanation:
