Explanation:
11.
Banks use depositors' money to make loans
12.
A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary to strengthen an economy.
13.
Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy.
Answer:
$2960 yearly savings
Explanation:
From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.
EXPLANATION
- If the child is 5yr old now, in 13years time, she will be 18yr old.
- for the next 13years, it would have amount to $38350
- remember the bank will give an annual interest rate of 2%
- so for 13years, that's 26% = 0.26
- In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321
- His savings will fall between $2950 - $2960 yearly.
Answer: Literally translated, haute couture means "high sewing", but refers to the level of the industry in which clothing is made of the best quality and sold the highest prices on a custom-order basis.
Explanation:
Haute couture are high quality clothing brands, where the sewing is done by hand for most parts of the clothing and high attention is paid to details. The haute couture clothing brands are of high quality and high priced made by experienced tailors.
Answer:
a. Inflation
Explanation:
In the context of economics, inflation refers to the increase in the price of goods and services
Moreover, we also know that
(1 + Nominal rate of return) = (1 + real rate of return) × (1 + inflation rate of return)
According to the given situation, it is mentioned that The general goods and services prices are expected to rise substantially over the next five years which represents the concept of inflation
Hence, the option a is correct
Answer: It supports price differentiation
Explanation:
Cost-plus pricing works by adding a standard margin to the cost of producing or acquiring a good. The margin will be the gross profit per unit.
This does not support price differentiation because it would lead to the same price being charged to all customers for the goods regardless of who the customers are, whereas price differentiation calls for different types of customers to be charged different prices.
