Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
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Answer: Strivers
Explanation:
The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.
It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.
The terms with the definitions of a treasury bill are as follows:
- Purchase price - The value of the T-bill less the discount.
- Discount - The interest of the T-bill.
- Maturity value - The face value of the T-bill.
- Effective rate - The actual interest rate.
<h3>What is a
treasury bill?</h3>
In financial market, the "Treasury Bill" (T-Bill) can be defined as short-term debt obligation backed by the U.S. Treasury Department with a maturity of one year or less which are usually sold in denominations of $1,000 while some can reach a maximum denomination of $5 million. For this instrument, the longer the maturity date, the higher the interest rate that the instrument will pay to the investor.
In a typical economy, the department of Treasury sells the T-Bills during auctions using a competitive and non-competitive bidding process. The noncompetitive bids are also known as non-competitive tenders which have a price based on the average of all the competitive bids received.
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Answer:
textile developer is the answer
To calculate the cross elasticity of demand you divide the percent change in quantity by the percent change in price.
5/3 = 1.666