Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Pay yourself first is the budgeting strategy that is achieved by setting aside minimum of 10% of after-tax income for saving.
The term called "Pay yourself first" means a finance strategy which helps to increase and ensure consistent savings and investment.
- The goal of the budgeting strategy called "Pay yourself first" helps to ensure income is first saved or invested before the expenses start to decline the income..
In conclusion, Pay yourself first is the budgeting strategy that is achieved by setting aside minimum of 10% of after-tax income for saving.
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The most damaging effect of bank failures in the great depression was that the peoples lost their jobs that were working in the banks.
<h3>What is the great depression?</h3>
The great depression was the very bad condition of the economy, where there was the fall in the aggregate economy. This phrase started from the year 1929, that continues till 1939.
Many peoples lost their jobs and became unemployed due to the execution of the great depression. The most detrimental effect of bank failures during the Great Depression was that people that worked in banks lost their employment.
Therefore, The great depression was started from the United States and spread to all over the world.
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Answer:when governments want to spend more than they collect in taxes, central banks increase the money supply at a rate higher than GDP growth, often resulting in hyperinflation
Explanation:
Answer: A. Monday
Explanation:
In the article, <em>Storm keeping Millions From Work May Slow Economic Growth</em> by <em>Jeff Kearns</em>, he notes that the timing of Hurricane Sandy was important because Hurricane Sandy struck on a Monday which is the first day of work in the week for many. As a result they had to miss work for most working days which definitely had an impact on Economic output.
Had the Hurricane struck on the weekend then people would have missed less working days and so the effect on the Economy would have been less.