Mona is saving money for college. Each week she doubles the amount of her deposit. If her first deposit is $5.00 much money will Mona have in her account after her sixth deposit? a. $30 b. $160 c. $230 d. $315

Q: Money is created when  A. a depositor deposits money at the bank. B. a bank grants a loan to a…

A: Money is something that is accepted as medium of exchange . It can be also be stored and act as…

Q: Interest:

A: ‘Interest’ is the payment that needs to be paid by the ‘borrower’ to the ‘lender’.   In other words…

Q: If a lender makes a simple loan of $400 for 5 years and charges 7​%, then the amount that the lender…

A: The objective of the first part of the question is to calculate the total amount that the lender…

Q: All things been equal,how can increase in interest rate affect the demand for money? (a). Demand…

A: Demand for money represents the desire of people to hold financial assets in the form of cash and…

Q: How does money work in a planned economy?

A: Answer – Money in a planned economy – The planned economy can be of two types- (a) a Socialist…

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: It is not smart to make small purchases on a credit card because they can pile up and end up costing…

A: When talking about credit card, it is the facility provided by financial institutions to the people…

Q: explaining the time value of money concept and its relationship to business and management as well…

A: The time value of money (TVM) is a fundamental concept in finance, which states that money available…

Q: Describe the Borrowed-Funds Concept?

A: Lent capital is money which is lent and used for making an investment. This varies from equity…

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: t is money for in terms of finance

A: Finance is the management of money, it includes all kinds of investments, borrowing, and lending.…

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: If you make a late payment on a 0% interest credit card, you're responsible for paying the entire…

A: The statement is false If we make late payment on a 0% interest card , then the bank may charge…

Q: What about the second part of the problem that has to deal with the bank loan?

A: Bank loan is the amount of loan or debt which is taken from the bank. So bank debt is important…

Q: 4. Ellen borrowed P100,000 from a local bank at 10% annually. She must pay back the loan in five…

A: Given; Amount borrowed= P100000 Interest rate= 10% annually Time period= 5 years Number of…

Q: Explain why someone might want to put a “red flag” on their own credit report.

A: A red flag refers to a warning that is put on the credit report if something suspicious, fraudulent,…

Q: In contrast to revolving credit, installment credit loans allow a borrower to do which of the…

A: A credit loan is a type of loan granted to an individual or a business with the understanding that…

Q: 1) for a period of two years. During the first year, the quarterly payment is for $300, while in the…

A: Given information: First-year quarterly payment = $300 Second-year quarterly payment = $400 Interest…

Q: The account type is considered a liability. A. Fixed Assets Accounts Receivable B. C. Bank D.…

A: First part : Account payable are considered as liability since this is the money that you owed to…

Q: hazel borrowed 100,000 and must repay a total of 130,000 exactly two years later. How much is the…

A: Using the formula to solve.

Q: When is the simple interest scheme used?

A: Simple interest is a method which is used to calculate interest charged on fixed deposit, 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: 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: 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: Which is a more risky loan for the lender a secure loan or an unsecured loan? Why?

A: A loan is a type of credit instrument in which a lender provides funds to a borrower or borrowing…

Q: Explain with an example that money has time value?

A: Time value of money talks about the difference between the amount of money  one has today and the…

Q: A) How are credit markets different from goods markets and what are the major imperfections of…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Which of the following is a personal financial asset? a. A payday loan b. A mortgage loan c. A…

A: A financial asset is a tradable instrument or other tangible property that represents a legal claim…

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: What is the meaning of transfer of money

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

Q: Mention one money mistake you think people make and why do they do it. Explain your reasoning

A: The economies around the globe tend to have various entities, who conduct various economic and…

Q: Consider an economy that is composed of identical individuals who live for two periods. These…

A: Utility function : U = c10.5 + c2 0.5 Intertemporal Budget Constraint : c1 + c2 /(1+r)  = Y1 + Y2…

Q: 1. What are some of the problems with paying only the minimum monthly payment on a credit card? 2.…

A: 1. The primary use of credit cards is to use money and repay without interest. If one is paying only…

Q: How Dalio’s concept about borrowing from one’s future self might change a decision one might make…

A: Debt is when one party borrows something from another, most commonly money. Many businesses and…

Q: re limits on interest rate a good idea?

A: - A limit on interest rate is considered to be a good idea by several economists. The limit is…

Q: Which of the following is the MOST detailed representation of a person's credit worthines A B credit…

A: The ability of a borrower to pay back debts and their propensity to miss payments on loans or other…

Q: Economics - Chapter 11 Section Review WHAT STEPS WOULD YOU TAKE TO PURCHASE A BOND AND HOw WOULD YOU…

A: A bond is a fixed-income security that reflects a loan from an investor to a borrower (corporation…

Q: Explain Borrowed-Funds Concept?

A: A firm can raise capital to finance its investment projects via borrowing or equity. Borrowed…

Q: 1. Why is it so difficult to talk about money? 2. What  is most helpful or vital to developing a…

A: Understanding the difficulties in talking about money requires exploring societal norms, personal…

Q: I want to know the background of cashless economy. Like how it is start and the influence in the…

A: Sometimes the cashless economy is misunderstood with an economy without cash. Cashless economy has…