Only if [he\she] is a minor or you sold the car under false pretence.
Like telling him it only had 20 miles on it when it has 4000000.Misrepresenting the vehicle.
Otherwise it's buyer beware!!!!
In equilibrium: Money supply = Money demand.Summarizing it, we can explain the upward sloping LM curve as following:If income is high then thedemand for money will be high relative to the fixed supply. In order to equilibrate money demand and money supply, interest rates have to also be high to reduce money demand
It certainly is! It is the supply and demand concept. A manufacture buys raw materials to produce finished items customers will buy. The raw materials cost money to buy, they cost money to store in a warehouse, they will, hopefully, be turned into finished goods, again costing money (wages, utilities, overheads, etc). Again, they need to be stored until shipped out. Then comes the slow return from customers, (especially big companies) on 30, 90, or more days credit! But if the demand is not there from customers, or the return of money from customers is too slow - the result is a cash flow problem. The ideal concept is to match supply and demand to keep the company afloat, and the money flowing round smoothly.
According to Keynesian economics, rate of interest is determined by the interaction of the demand for and supply of money. The equilibrium between these two factors will determine the interest rates. If the demand for money ( represented by Liquidity Preference ) remains constant then any decrease in money supply will force the interest rates to rise. Reason: When money supply decreases, individual's money income will fall and with his MPC (Marginal Propensity to Consume) remaining constant, MPS (Marginal Propensity to Save) will fall. In order to induce the individual to save more, a high rate of interest will have to be offered as an attraction/incentive.
money circulation is main reason for the inflation. when money supply is increases then investments are also going to increases, employment rises, output rises, consumption increases, demand is also rises for the goods when demand rises, prices of goods is rises finally its leads to INFLATION.. From, Madhu..
The only reason I would return a monetary gift is if I truly felt that I did not know the person very well and the gift made me uncomfortable for some reason. Generally, though, if someone is giving you money as a gift, then they are either family or know you very well. I say, write the person a nice thank-you note, and enjoy your gifted money!
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