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3 years ago

Explain the impact of the asset demand, transaction demand, & total demand for money on the economy.

1 answer:

7 0

Asset demand varies inversely with the interest rate, since that is the price of holding idle money. Total demand for money will equal quantities of money demanded for assets plus that for transactions. At any interest rate below the equilibrium rate, there is an excess demand of money.

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You put money into an account that earns a 5 percent nominal interest rate. The inflation rate is 2 percent, and your marginal t

alina1380 [7]

Answer:

The after tax real interest rate of interest is 2%

Explanation:

The after tax real interest rate is computed as follows:

Given,

Nominal interest rate is 5%

Inflation rate is 2%

Computing before tax real interest rate as:

Before tax real interest rate = Nominal interest rate - Inflation rate

= 5% - 2%

= 3%

Computing tax:

= 20% tax on nominal interest rate

= 20% × 5%

= 1%

Now, computing after tax real interest rate as:

After tax real interest rate = Before tax real interest rate - Tax

= 3% - 1%

After tax real interest rate = 2%

8 0

3 years ago

Identify 3 skills you would expect a bookkeeper to have

yaroslaw [1]

Answer:

Great data entry skills. ...

Good communication. ...

Knowledge of bookkeeping principles. ...

Organising records. ...

Attention to detail. ...

Have an understanding of the bigger picture. ...

Be disciplined. ...

Have an interest in furthering your education.

4 0

3 years ago

According to the OOH, what are some educational, training, certification, or licensing options required or helpful for Chefs? Ch

Serga [27]

The correct answer is:

A) medical school

C) internship and residency program

D) license

Explanation:

I tried his/her answer and it wasn't right. And I got this answer right.

5 0

3 years ago

Read 2 more answers

A bottling operation has a mean fill level of 10.01 ounces with a standard deviation of 0.25 ounces. Random samples of 20 bottle

MAVERICK [17]

Answer:

The upper limit is 10.1

The lower limit is 9.91

Explanation:

Given that:

The mean fill level (μ) = 10.01 ounces,

Standard deviation (σ) = 0.25 ounces

Number of sample bottles (n) = 20

The limits of the sample mean = 92% = 0.92

α = 1 - 0.92 = 0.08

$\frac{\alpha}{2}=0.04$

The z value of 0.04 is the same as the z value of 0.46 (0.5 - 0.04). From the probability distribution table:

$z_{\frac{\alpha}{2}}=z_{0.04} = 1.75$

The margin of error (e) is given by:

$e=z_{0.04}\frac{\sigma}{\sqrt{n} }=1.75*\frac{0.25}{\sqrt{20} } =0.1$

The upper limit = μ + e = 10.01 + 0.1= 10.1

The lower limit = 10.01 - 0.1 = 9.91

6 0

3 years ago

The law of demand states that, other things equal: Select one: a. price and quantity demanded are inversely related. b. consumer

Mkey [24]

The law of demand state correct option is (a) price and quantity demanded are inversely related.

What is law of demand states?

The law of demand is a fundamental principle of the economic idea of higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded.

The rule of demand, if all other variables remain constant, the price and quantity desired of any good or service are inversely related. When the price of a product rises, the demand for that product low as well.

As result, the law of demand states as remain constant towards a price and quantity demanded are inversely related.

Learn more about law of demand states, here:

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7 0

2 years ago