Q: What is financial system
A: A financial system is the one in which in which we have buyers, sellers and investors.
Q: Other than lenders, who else might use your credit score and why?
A: Credit decisions are made by lenders. Credit reporting agencies sell credit reports on their…
Q: What is private saving?
A: Private savings are the amount left with the household after spending money on taxes and…
Q: describe something you can do to increase your savings for retirement.
A: Retirement: It is the point of time where someone stops working.
Q: a reserve requirement?
A: The policy in which there is a set of tools that a nation's central bank uses to promote sustainable…
Q: A is an example of revolving credit.
A: Credit refers to a ‘contractual agreement’ in which a borrower gets something of value now &…
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: If the interest rate is 8%, how much households and firms will want to borrow?
A: The households and firms that want to borrow imply the demand for funds in the market. Thus we will…
Q: What are the two factors that determine what borrowing will cost?
A: Two factors that determine what borrowing will cost are - Principal Amount : It is the original…
Q: On what factors does The cost of a loan depend?
A: Cost of loan are the expenses brought about by the borrower for taking the advance because of the…
Q: How do we use time value of money in our everyday lives?
A: In life, we see that usually the price of most of the goods were cheaper last year than today. Time…
Q: What are commercial loans?
A: Loan is a type of debt instrument in which a sum of money is borrowed by an individual or a firm…
Q: Write the Elements of Transactions involving interest?
A: Interest is the payment that is made to the lender by the borrower of an amount in addition to the…
Q: Importance of saving money
A: Money: It refers to the cash which is available to the people. Money can be used for buying goods…
Q: How is saving important?
A: Saving: - Saving is that part of income that is not consumed or kept as reserves by the people in an…
Q: what does it mean when banks are paying people to get loans?
A: The financial system of the nation is considered to be one of the most prominent, and important…
Q: Financial statements, what are they? what are they used for? Why are they important? What are the…
A: For business , individual , lender , government financial statements are very useful to know the…
Q: What are DeBeers profits?
A: Answer: Note: Since the figure has a single downward sloping curve, here I am assuming that it is…
Q: What type of professional is trained to help you save for retiremer O financial planner O auditor O…
A: A professional helps people to manage and plan the finances prudently. Such planning helps the…
Q: How could people be persuaded to start saving for retirement?
A: Retirement planning is the process of putting money aside, investing it, and then distributing it in…
Q: If you put your $100 into a saving account which earns 5% interest, how long does it take for your…
A: Given information: Amount kept in saving account = $100 Interest rate = 5%
Q: what is the contribution of money to our financial needs
A: Currently money is used all over the world. Money is important all around the world. Currency is…
Q: Why are the financial statements important in business?
A: Financial statements are the written records which conveys the activities of business and financial…
Q: What are the two kinds of Indian budget?
A: Introduction - The French word "bougettee," from which the English word "budget" is derived, refers…
Q: What is business circle?
A: The fluctuation in the economic activity is tracked by the business cycle or circle. In an economy,…
Q: Create a 2 days plan on how to save money.
A: Savings refers to the cash that an individual has left over once they deduct out their shopper…
Q: How can small businesses get out of debt?
A: Small businesses need to have proper pplanning and management of cost and other factors. If there is…
Q: What is the Deferred Savings Plan?
A: A deferred savings plan is a plan which allows the taxpayer to pay money in the plan and then…
Q: According to you, which o receive credit.e
A: Economic development can be defined as a process of growth of the standard living of a nation’s…
Q: As a student, are you saving or borrowing? Why?
A: Disparities in income and expenditure encourage people to save or borrow. An individual who makes a…
Q: What is present worth
A: Investment is the process of adding to the stock of capital assets with the expectation of getting a…
Q: What are the major postpurchase processesengaged in by consumers?
A: After purchasing a particular product, a consumer can go through various levels of post-purchase…
Q: How much should you put into 6% saving account in order to have 100,000 in five years?
A: *Answer:
Q: What would the value of spending be if you had $1300 in savings and $2250 in income?
A: The income of any individual can either be used for consumption purposes, or it can be saved. Thus,…
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: Lenders use your credit score -- to see if you've earned your degree to criticize your financial…
A: A credit score is a report that states the person's previous and present loan details, repayment…
Q: Which type of savings account and interest rate are an incentive for people to save money?
A: A savings account can be a safe deposit box that you do not intend to use immediately. Savings…
Q: How does amortization help in making loans affordable?
A: Concept Amortization is the technique of repaying a loan in monthly interest and principal…
Q: What Is The Right Reasons for Investing in Inventory?
A: Inventory is also known as the stock which can be defined as the commodities that a business or a…
Q: When savings are at $1300 and income is worth $2200, what would the value of consumption be?
A: Given, The information in the above query is: Savings = $1300Income = $2200 Calculating…
Q: Why junk food is
A: A demerit good is characterized as a good which can adversely affect the purchaser - however these…
Q: What is the importance of investing or saving?
A: Saving refers to a part of income that is not used for the consumption of goods and services. The…
Q: what is the difference between Credit and Consumer credit?
A: Introduction Credit is a types of arrangement to receive cash or any service which you can use in…
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