Answer:
when the velocity of money is high, it means each dollar is moving fast to purchase goods and services. It reflects high demand,which generates more production. When the velocity is low, each dollar is not being used very often to buy things.
The scenario you described suggests that the Law of Demand is correct.
Increase in price will always lead to loss of demand, while replacements for that product will grow in demand.
The FAFSA4caster is a free tool which provides an early estimate of your federal student aid eligibility. It analyzes your household income and assets to determine your expected family contribution or EFC.
Answer:
Explanation:
The risk premium two years back = 11.5 - 8.7 = 2.8 %
current risk premium = 2.8/2 = 1.4%
Current risk free bond yields 7.8 %
So Rolling Coast expected rate of interest on bonds = 7.8 + 1.4
= 9.2 %
Answer: a) Documentation Procedures
b) Independent Internal Verification
c) Physical Control
Explanation:
I'll list the internal control principle in bold letters and then explain them a little.
(a) Company checks are prenumbered. DOCUMENTATION PROCEDURES.
These are meant to provide a paper trail to identify the events that occur in a company and pre numbering check ensures that the number is always known.
(b) The bank statement is reconciled monthly by an internal auditor. INDEPENDENT INTERNAL VERIFICATION.
Here the company runs its own checks and balances to ensure that they are in good shape.
(c) Blank checks are stored in a safe in the treasurer’s office. PHYSICAL CONTROL.
This refers to the use of physical devices to keep documents and assets safe and can include safes, vaults and safety deposit boxes.
