Bank statement is a printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account. c. Do you think it is best to keep track of finances using a check
The Influence of Alan Greenspan on the Economy Scott Miller English Composition 1 October 18, 2008 Outline: The influences of Alan Greenspan on the Economy -About the Federal Reserve 1. Year Alan Greenspan appointed. 2. Duties of the Federal Reserve -Alan Greenspan as Federal Reserve Chairman (1987) 1.Stock Market crash -Savings and Loan Crisis (1988-1982) 1. Bank Failures 2.
The amount of money taxed is the same compared to the total income for everyone; hence the definition of a ratio. This brings up the question, is a progressive tax really fair? Because of these increased and bracketed taxes, somebody who makes more money has to work harder to make each dollar. If I were to make $379,150 per year I would be required to give up 35% of my
E) both B and C of the above. Answer: A Topic: Chapter 2.1 Function of Financial Markets Question Status: Previous Edition 3) Which of the following can be described as involving direct finance? A) A corporation's stock is traded in an over-the-counter market. B) People buy shares in a mutual fund. C) A pension fund manager buys commercial paper in the secondary market.
The Components for Aggregate Demand are C (consumption)+ I (income)+ G (government spending)+ (X-M) (net exports) and a change in the components of Aggregate demand will cause a shift of the curve. Fiscal policy is a type of economical intervention where the government injects its policies into an economy in order to either expand the economy’s growth or to contract it. By changing the levels of spending and taxation, a government can directly or indirectly affect the aggregate demand. Fiscal policy can be used in order to either stimulate a sluggish economy or to slow down an economy that is growing at a rate that is getting out of control. There are two types of Fiscal policy put in place to alter the level of aggregate demand; Expansionary fiscal policy and Contractionary fiscal policy.
2) Economic growth in the UK 2.1) Economic growth is the increase in the output of an economy over time, as measured by the rate of increase in GDP (Fribbance, 2010, p30). GDP or, gross domestic product is the total of everything produced in an economy, and is usually measured over a certain time period, such as a year. 2.2) GDP doesn’t take into account the size of an economy; in developed economies countries that have a higher population will often have a higher GDP. In order to tackle this we can calculate a figure called GDP per capita; a measure of national income per person in a particular country (Fribbance, 2010, p25). To obtain this, we divide GDP by population.
Valuation Questions Question 1 Union Pacific Railroad reported net income of $770 million in 1993, after interest expenses of $320 million. (The corporate tax rate was 36%.) It reported depreciation of $960 million in that year, and capital spending was $1.2 billion. The firm also had $4 billion in debt outstanding on the books, rated AA (carrying a yield to maturity of 8%), trading at par (up from $3.8 billion at the end of 1992). The beta of the stock is 1.05, and there were 200 million shares outstanding (trading at $60 per share), with a book value of $5 billion.
This is why there is a strong relationship between GDP and investment function. During the boom in economy, firms are facing increase in sales, and expect sales to rise in the next periods, and therefore are investing new capital. Installation of new capital would happen until the economy will reach the peak, and beginning of the recession. Accelerator principle assumes that capital/output ratio is