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Wewaii [24]
2 years ago
14

Identify 3 reasons why we should teach financial education.

Business
1 answer:
Sophie [7]2 years ago
4 0

Answer:

Why should financial education be taught in schools?

Financial literacy classes teach students the basics of money management: budgeting, saving, debt, investing, giving and more. That knowledge lays a foundation for students to build strong money habits early on and avoid many of the mistakes that lead to lifelong money struggles

Should financial literacy be taught in schools essay?

it empowers you with basic knowledge of investment options, financial markets, capital budgeting, etc. Understanding your money mitigates the danger of facing a fraud-like situation. ... Basic knowledge of financial literacy will help people with foreseeing the risks and argue/justify with anyone learned and well-informed

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In which sequence will events occur when the economy adjusts to an expansionary monetary policy, in the short run and then in th
Kitty [74]

Answer:

1. The Fed uses open market operations to increase the money supply, thus lowering interest rates and stimulating investment.

Expansionary monetary policy is done to stimulate economy by increasing money supply. It lowers interest rates and leaves more money for consumption and investment.

2.  Increased aggregate demand leads to some higher prices and more total output.

Increased AG will lead to prices being higher in response. This would spur producers to produce more thereby increasing output.

3. Sticky input prices adjust to inflation.

Input prices will rise overtime to match the increase in prices.

4. Producers lay off some workers in response to higher input prices, causing a decrease in aggregate supply.

When the inputs rise, production becomes more expensive so producers will have to lay off workers to maintain profitability. They will also supply less goods as a result.

5.  In the long run, equilibrium returns to the same initial production level.

In the long run therefore, the reduction in AS leads to production returning to pre-monetary policy figures.

6 0
3 years ago
Banking may be subdivided into at least three categories of banks. Match up the definitions with the appropriate name.
lyudmila [28]

There are different types of banks according to their classification. There are seven major type of banks that exist including retail, corporate,  commercial, exchange, industry, cooperative and central.

Explanation:

1. A bank that specializes in retail or consumer banking in a local market.

Commercial Bank

This type of bank is based on shoort term credit and ease of withdrawal.

II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services.

Industrial banks

These banks have large capitals that they invest in commercial activities.

III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities.

Central Bank

these banks are often regulated and controlled by the government of the country.

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4 years ago
If a unit of inventory has declined in value below original cost, but the market value exceeds net realizable value, the amount
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