Bank savings accounts typically pay an interest rate well below the inflation rate. As of spring 2011,
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Bank accounts pay a negative real interest rate But for people who ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
If you deposit $20,000 in a savings account at a bank, you might earn 1 percent interest per year. Someone who borrows $20,000 from a bank to buy a new car might have to pay an interest rate of 6...
-
Suppose that you are considering investing $1,000 in bank CDs. a. First, you consider one of the following CDs: CD 1, which will pay an interest rate of 5% per year for three years CD 2, which will...
-
Refer to Thinking and Problem Solving question 1. In that question, we assumed that the consumer earned $50 in period 1 and $150 in period 2, and that saving and borrowing were both interest-free....
-
For the non-seasonal frequencies, use \(g \operatorname{lm}()\) to fit the additive exponential model \[ E\left(|\hat{Y}(\omega)|^{2}ight)=\beta_{0}+\beta_{1} \exp \left(-|2 \pi \lambda \omega|^{1 /...
-
Quick Fix- it Corporation was organized in January 2015 to operate several car repair businesses in a large metropolitan area. The charter issued by the government authorized the following no par...
-
Forwarded Definition of Terms : cooperate, commercial, appropriate, obligations, restrictions, preserves, precautions. 9:14 PM
-
Briefly characterize the accounting systems used in countries from the Continental group. What role does conservatism play in these systems, and how is that role different from that in the United...
-
Use the following information to determine this companys cash flows from investing activities. a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of...
-
Zoom ent Medle Use the following information to answer the following questions. The following totals for the month of April were taken from the payroll register of Magnum Company Salaries $12,000...
-
The observed baseline vector components in meters between two control stations are (3814.244, 470.348, 1593.650). The geocentric coordinates of the control stations are (1,162,247.650, 4,655,656.054,...
-
Lenders are more willing to lend if the borrower can put up collateral for the loan. Remember that collateral is something of value that by agreement becomes the property of the lender if the...
-
How are houses like bonds? With respect only to their home equity (i.e. ignoring all other assets and investments), would homeowners tend to favor high or low interest rates?
-
The following information is taken from the general ledger of Robinson Limited: 1. Sales revenue...................................................................................$275,000 Accounts...
-
How do emergent properties of complex adaptive systems manifest within organizational structures, influencing decision-making processes and strategic outcomes ?
-
If you were a software developer what do think would be the most important software tool to be use? (you may arrange it based on the most to least important), Briefly explain why and give an example.
-
in the Army what are Fallacies, how do they effect leadership decision making?
-
What two fundamental mistakes do many organizations make when selecting measures and metrics?Explain
-
1. How do volunteer organizations support the response and recovery process of a disaster? 2. Should emergency managers have a plan in place to manage volunteers during the response efforts of a...
-
On January 1, 20X5, Post Company acquired an 80 percent investment in Stake Company. The acquisition cost was equal to Posts equity in Stakes net assets at that date. On January 1, 20X5, Post and...
-
What are the principal alloying elements in SAE 4340 steel?
-
What is the best type of new product development strategy, reactive or proactive? Explain your answer.
-
Draw a typically shaped total product curve and the marginal product curve derived from it, and indicate the ranges of increasing, diminishing, and negative marginal product.
-
Say that your firms total product curve includes the following data: one worker can produce 8 units of output; two workers, 20 units; three workers, 34 units; four workers, 50 units; five workers, 60...
-
Why does the law of diminishing marginal product imply the law of increasing costs?
-
Practice Problem 1 The stockholders equity accounts of Bramble Corp. on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,400 shares authorized) $264,000 Common Stock...
-
JVCU Which of the following is considered cash for financial reporting purposes? 1 JVCU Which of the following is considered cash for financial reporting purposes? 1
-
Required information The Foundational 15 [LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, L08-10) (The following information applies to the questions displayed below.) Morganton Company makes one product...
Study smarter with the SolutionInn App