Answer:
The answer is "They allow people to buy things without paying immediately."
Explanation:
While this does make credit cards convienent, it also makes them extremely dangerous. Consumers are quick to rack up thousands of dollars of credit card debt that they cannot pay back.
Answer:
The answer on this one is 0.172 (rounded)
Explanation:
P(5)=binompdf(8,.45,5) = 0.172
Answer:
to tell the truth and always be genuine
Explanation:
<u>The equilibrium rate of return on a 1 year T-bond is 5%</u>
<u />
<h3>Equilibrium rate</h3>
This is the interest rate at which the demand meet the supply at a particular point.
<h3>Equilibrium rate of return</h3>
This is the sum of dividend yield plus the rate of capital gains.
we can also say that the equilibrium rate for a 1 year T-bond in this case is the sum of the real risk free rate and the expected inflation.
Data
- Real risk free rate = 3%
- Expected inflation = 2%
Hence, the equilibrium rate of return will be 3% + 2% = 5%.
From the above, the equilibrium rate of return is 5%
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