Why do you think certain jobs attract higher pay rates than others?
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A potential investor might be surprised to find that banks are offering higher CD interest rates in this currently troubled economy. With money issues on the rise, many potential investors are hesitant to ""lock away"" money for 2,5,or even 10 years. Because of this, financial institutions must compete for CD purchases, resulting in higher interest rates to attract new investors.
A savings account should generally offer a higher level on interest than current accounts. However banks try to attract customers in many ways and this is not always true. Also banks frequently make certain products obsolete and the interest on a savings account can drop to almost nothing if you do not move your money into the newest products.
Higher interest rate means that bank has to pay more to borrow money to fund loans. Bank pass the cost of borrow in the form of higher interest rates to consumers and business loans.thus the increase in higher interest rates increases the cost of borrow which consumers and business enterprises has to pay to get a loan.
There are too many factors to take into consideration before this question can be answered successfully. The first issue is the size of the company. Different sized companies will require different level insurance rates. Another issue is country. Insurance rates will be higher in some countries than in others, and some countries will not offer insurance at all.
The reserve requirement affects interest rates by impacting the money multiplier and monetary base. With more money in the system, interest rates will be lower, with a higher reserve interest rates will be higher. Also if a bank has to keep for example 50% reserves then they can only lend out and collect interest on 50% of their money which means that the rate charged to borrowers will have to be significantly higher.
4% is the minimum interest rate that is offered on Savings bank accounts in India. All banks have to offer at least 4% because this is mandated by the RBI. Also, the RBI recently de-regulated the savings interest rate which means, banks can offer higher interest rates if they want. Some banks like Yes Bank and Kotak Bank have gone ahead and offered higher interest rates (6% or more) to attract new customers.
It depends what city you're in. Belly dancers charge different rates in different cities, and like everything else, the larger the city, the higher the rates are in general. Try doing an internet search for "Your City belly dancer", you might find some local dancers that way. Some post their rates on their websites, others you will have to phone.
Higher interest rates mean that the demand for cars have increased, due to an increase in consumer demand. Lower interest rates mean that there is a lower demand and the FOMC is lowering the rates to increase consumer demand. Lower rates, however could also increase the demand for cars. This is why the Feds have to higher the interest rates, to ensure that the supply and demand are at an equilibrium point.
If a country raises its interest rates, its currency prices will strengthen because the higher interest rates attract more foreign investors. This answer sounds exactly logical as I think about it, yet, in economics books, under the uncovered interest rate parity model, a country with a higher interest rate should expect its currency to depreciate. I would agree with this proposition in the long run an expensive currency will hurt exports... but in the very…
better education will come to higher literacy rates, and higher literacy rates would mean a better economy, a more civilized society, power to the government, and better national pride. not only will the economy prosper, but through higher literacy rates the lives of people living would be greatly improved as choices for jobs and more opportunities in life make it better for the people. The poverty level will decrease and therefore people will have a…