Distinguish between the present worth of cash and future worth of cash?

Q: why can't food be used as a form of money?

A: Money is anything which is generally accepted by the people in the economy and used for the purchase…

Q: What is a simple interest rate?

A: Interest is the cost of borrowing money, where the borrower pays a fee to the lender for the loan or…

Q: Identify briefly five questions a money manager should ask before recommending suitable investments…

A: ​Money manager is the financial advisor that helps its clients to invest their money in appropriate…

Q: Set forth and describe two of the basic qualities needed for any item to be used as money.

A: Money is a resource or asset that is accepted and used as an exchange medium to buy commodities and…

Q: How much of account verification costs will be assigned to Department A?

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Determine the Future Value of a Lump Sum of Money

A: The future estimation of money is essential to organizations since it considers the expected rate of…

Q: What are some currencies of great value in a workplace that is in high demand? List at least 3 and…

A: Commonly, the value of different currencies around the global financial market keeps on changing…

Q: What factors influence your decision of where to put your money? a. How do you want to receive…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: What is Effective interest?

A: Effective interest rate can be described as the interest rate gained or paid in actual on a project.…

Q: How is the future related to the present value of a single sum?

A: The future value is that the sum of present value and also the total interest. the long run value…

Q: When selecting a financial institution, you should consider: (select all that apply) convenience,…

A: Financial Institution is an institution such as central banks, commercial Banks, credit unions etc.…

Q: Illustrate how the Cash Balances change over time?

A: Cash Flow: When the cash goes out of business or cash comes into the business is termed as cash…

Q: Factors that influence the use of money vs credit cards.

A: Money: Money is an widely accepted instrument used as measure of value, a medium of exchange, a…

Q: Distinguish between Simple interest and Compound Interest?

A: Interest rate refers to the percentage of a principal amount charged by a lender to a borrower.

Q: why is it critical for consumers to truly understand the effect of interest on their credit cards?

A: A credit card is a payment card that enables the owner to borrow funds to pay for purchases. Since…

Q: How is money can be loaned and repaid?

A: A loan is when an amount of money is given to another party in exchange for repayment of the loan…

Q: Explain Methods of Calculating Interest?

A: Answer -  Interest = It is the extra amount of money a lender which charge to a borrowers.  there…

Q: What determines the proportion of bonds/money that the household keeps? please explain this…

A: Money is anything that the society is willing to accept as a medium of exchange and has properties…

Q: How much money will you have in seven yearsif you deposit $7,000 in the bank at 8.5%…

A: Compound interest rate is addition to the interest of interest. It can be applicable both loan and…

Q: Definition of the initial cash reserve

A: Cash reserves are funds held on hand by a company or a person to meet short-term and emergency…

Q: State the role of money in the economy

A: When talking about money in economics, it plays a vital role in making an effective exchange of…

Q: Interest rates: why are interest rates increasing on student loans or mortgages?

A: Secured Loan:- A secured loan is one that is supported by secured financial assets owned by the…

Q: Explain the role of money in society

A: Explain the role of money in society.

Q: On a bank's T-account,

A: Banks T account shows the classification of asset and liabilities.

Q: college student borrowed $46,000 to pay for tuition, room, and board. Some of the money was borrowed…

A: * SOLUTION :-

Q: What is the meaning of transfer of money

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Describe Factors that influence the use of money vs credit cards.

A: Money: Money is a widely accepted instrument used as a measure of value, a medium of exchange, a…

Q: Explain money, types and functions of money.

A: Human needs a variety of goods and services to sustain life but they have the skills to produce one…

Q: Differentiate between Simple interest and Compound interest?

A: In economics, interests are the costs of borrowing money. The economic agent who is borrowing the…

Q: What is meant by the present value of money? Choose the correct answer below. O A. The amount…

A: FV = PV1+inor PV = FV1+in where PV = present value             FV = future value             i   =…

Q: Which is the most desirable form of a lump-sum settlement?

A: A lump sum settlement implies that the person who claims will receive the whole amount in a single…

Q: What is the meaning of Net Present Worth?

A: The net present worth also known as the net present value calculated the difference between the…

Q: List the elements of Transactions involving Interest?

A: Interest is a charge made to a lender in addition to the principal by a borrower, and it is a…

Q: Write the Summary of Compound-Interest Formulas?

A: Answer - Compound-Interest Formula - Compound interest formula helps to calculate the total return…

Q: M1 includes savings deposits. a. T b. F

A: Meaning of Money Supply: The term money supply refers to the situation under which the overall…

Q: When you open a savings account, you and your joint account holder will need these four items. Put a…

A: A bank account is an important arrangement made by a bank to let the depositor deposit their money…

Q: Explain with detail about interest rate deposit facility and lending facility

A: Answer-

Q: What is a bond?

A: Bonds are fixed income securities and acts as a loan to a borrower. It is a kind of contractual…

Q: How is an Effective Interest Rate calculated?

A: The effective rate of interest is an important concept in economics.  The effective rate of interest…

Q: Which Interest rate is better to use the simple interest or compounded interest plan, explain your…

A: The interest rate is the amount charged on the principal by the borrower to the borrower to use the…

Q: Do you think that it is fair that you pay into Social Security but some economists predict that it…

A: The Federal Insurance Contributions Act (FICA) levy, a dedicated payroll tax, is used to fund the…

Q: What does the interest rate measure?

A: Market interest rate refers to the interest rate that the lenders expect or demands from the…

Q: Styles Review Jason's assets and debts. Then answer the questions. JASON'S ASSETS AND DEBTS Assets…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: What is balance of payment?

A: Economics is a social science that discusses economic behavior regarding their unlimited wants in…