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2 years ago

5

______ is a place where buyer and seller meet for the purpose of exchanging, buying and selling of goods services using money as

the medium of exchange

1 answer:

ollegr [7]2 years ago

3 0

Answer:

market

Explanation:

its the correct answer

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Households and firms with savings lend money to banks and other financial institutions. The credit supply curve shows the relati

Varvara68 [4.7K]

Answer:

B and C only.

Explanation:

The options of this question wasn't provided. Here are the options:

A.

higher real interest rate induces more investment.

B.

higher real interest rate discourages current consumption.

C.

higher real interest rate encourages more saving.

D.

all of the above.

E.

B and C only.

It is assumed that households either spend disposable income on consumption or savings. If interest rate is high, it would encourage households to save instead of spending on consumption. The same argument extends to firms.

This explains why the credit supply curve is upward sloping or positively sloped, the higher the interest rate, the higher the savings rate and the higher the credit supply. Conversely, the lower the interest rate, the lower the savings rate and the lower the credit supply.

I hope my answer helps you

8 0

4 years ago

Ryan Terlecki organized a new Internet company, CapUniverse, Inc. The company specializes in baseball-type caps with logos print

Readme [11.4K]

Answer:

a. (E) Common stock US$ 26 (credit) and (A) cash US$ 26 (debit)

b. (L) Loans payable US$ 64,000 (credit) and (A) cash US$ 64,000 (debit)

c. (E) Rental expenses US$ 1,100 (debit), (A)Rental paid in advance US$ 1,100 (debit) and (A)cash US$ 2,200

d. (A) Prepaid insurance US$ 1,800 (debit) and (A) cash US$ 1,800 (credit)

e. (A) Fixed Assets US $ 11,000 (debit), (A) cash US$ 2,600 (credit) and (L) accounts payable US$ 8,400 (credit)

f. (A) Inventory US$ 3,200 (debit) and (A) cash US$ 3,200 (credit).

g. (E) Advertisement expenses US$ 270 (debit) and (A) cash US$ 270 (credit)

h. (R) Sells US$ 1,700 (credit), (A)cash US$ 850 (debit) and (A) accounts receveible US$ 850 (debit). (E) Cost of sales US$ 900 (debit) and (A) Inventory US$ 900 (credit).

i. (L) Accounts payable US$ 8,400 (debit) and (A) cash US$ 8,400 (credit).

j. (L) Income in advance US$ 230 (credit) and (A)cash US$230 (debit)

5 0

4 years ago

In competitive markets, a surplus or shortage will select one:

Andrej [43]

Answer: c.

In a competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.

If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.

The reverse happens when there is a shortage. When there is less supply in the market, price increases.

Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.

8 0

4 years ago

Gloria Company had no beginning work in process. During the period, 16000 units were completed, and there were 1200 units of end

aivan3 [116]

Answer:

17,200 Units

Explanation:

The total number of units started into production is the sum of the units completed with the ending work in progress, given that the company had no beginning work in progress and no information is given on units wasted.

Units started in production

= 16000 + 1200

= 17,200 Units

3 0

3 years ago

If the price elasticity of demand for a product is unity, a decrease in price will:

Nonamiya [84]

Answer:

increase the quantity demanded but decrease total revenue.

6 0

3 years ago

Read 2 more answers