What is GST in Canada? How does it works? and it's Importance?

Q: Amit is using his money to buy assets like house , commercial land and machines . Write what is he…

A: Disposable Income: Disposable income is the income that remains after subtracting the taxes and this…

Q: What does VAT mean

A: Value added tax is imposed on the goods during the value addition of the goods.

Q: Which financial Market do Retail credit products e.g. Mortgage bonds, short term loans, long term…

A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…

Q: What happens when the situation of inflationary economy arises?

A: Inflation is the increase in price level which increases the cost of living and decreases the…

Q: Jenny wishes to double her financial fund and the bank gives her 8% rate of interest annually, how…

A: Here, Jenny deposited its money in a financial funds at the annual interest rate of 8% and she wants…

Q: Define the term disbursements?

A: Money: The term money refers to anything that can be used as a medium of exchange and it has a unit…

Q: What impact do small business owners have on the country’s economy?

A: The objective of this question is to understand the role and impact of small businesses on a…

Q: Does reducing purchasing power of a consumer decrease inflation in the economy?

A: Cost increases for virtually all goods and services in the economy are referred to as inflation.…

Q: What is private saving?

A: Private savings are the amount left with the household after spending money on taxes and…

Q: The amount which from the transaction entered by the person who borrows money called the debtor or…

A: Answer-

Q: When applying for credit, is it preferable to receive a low interest rate or a high interest rate?

A: Credit is the capacity to borrow funds or to buy products or services with the knowledge that…

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: It is given that savings is $600 and income is $1300 Calculate APS

A: It is given that:- Savings of the household = $600 Income of the Household = $1300

Q: What is Retirement Savings in Canada and what is its importance?

A: Retirement savings in Canada refers to the money that individuals set aside during their working…

Q: The return a lender receives for allowing borrowers the use of their savings for one year,…

A: Disinflation is the decrease in inflation rate over years.  Real interest rate is the rate of…

Q: How can household borrow in the United States be Reduced? Write in 4 paragraph

A: Borrowing: In the Budget document, borrowing is categorized as a loan taken by the government and is…

Q: What is inflation tax?

A: Inflation Tax – The inflation tax is the financial loss of value suffered by holders and fixed…

Q: How does inflation affect the prices you pay for goods and services?

A: Inflation refers to a situation in the economy when the people lose their purchasing power and have…

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: how the third pillar of BSP Works?

A: The Bangko Sentral's primary goal is to preserve economic stability in order to promote healthy and…

Q: What was the maximum change in GSP from the government spending

A: Keynesianism has made strides in its ability to solve economic downturns by government intervention,…

Q: How to analyze the rate of interest?

A: The interest rate is the percentage of the amount paid by the borrower to the lender in a given…

Q: A British government perpetuity pays £4 a year forever and is selling for £48. What is the interest…

A: An infinite stream of income is carried by a fixed income security known as a perpetuity. A…

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 Americans planning on cutting back on spending through the holiday

A: It can be described as the network of an organization that involves the production activities,…

Q: How do most earn money? By being retired, by working at a job, by being disabled, by being…

A: Though there are several ways to earn money and each individual leans towards their comfort zone of…

Q: Using economic theory what are the benefits and drawbacks of using digital currencies?

A: Digital currency is the powerful technological innovation happened to the money market in recent…

Q: What is the use of inflation-adjusted figures?

A: Inflation is the cost of goods and services rising across the economy. Because inflation is not a…

Q: What do you need to open a bank account, if you are under the age of 18? Please help with this…

A: Connecting to the banking system can be done by opening a bank account with any one of the…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: How to convert daily interest rate into monthly interest rate?

A: Calculating the annual equivalent of a daily charge or per diem interest, or compounding annual…

Q: compare the rates of home loans from two different companies

A: If you are to compare the home loan rate of two companies, collect the necessary information like…