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What does a unitary elastic graph represent in terms of price elasticity of demand?
A unitary elastic graph represents a price elasticity of demand of 1, indicating that a change in price leads to an equal percentage change in quantity demanded.
Which of the following terms best describes the process by which the government controls interest rates and the money supply in order to influence the economy?
monetary policy
Explain why the FED cannot set intermediate targets in terms of both monetary aggregates and interest rates?
Monetary aggregate is a goal of money supply. Interest rate is a goal of a constant rate. To hold a specific money supply the interest rate would fluctuate. To hold a specific interest rate the money supply would fluctuate. So they can not work together.Check this out and read 11.2 through 11.4http://www.pitt.edu/~jduffy/econ280/lec1213.pdf
Why does the FED cannot set intermediate targets in terms of both monetary aggregates and interest rates?
Monetary aggregate is a goal of money supply. Interest rate is a goal of a constant rate. To hold a specific money supply the interest rate would fluctuate. To hold a specific interest rate the money supply would fluctuate. So they can not work together.Check this out and read 11.2 through 11.4http://www.pitt.edu/~jduffy/econ280/lec1213.pdfProf. Duffy from the University of Pittsburgh
What are the terms and conditions for obtaining a money-neutral loan?
To obtain a money-neutral loan, you must agree to the terms and conditions set by the lender. These may include providing collateral, meeting credit requirements, and paying back the loan amount without accruing interest or fees. It is important to carefully review and understand the terms before agreeing to the loan.
What are the investment basics?
Understanding simple terms , demand, supply, price, value, money, currency, interest, yield, return, ownership, transferability, equity, debt, mutual funds, .. start with these.
Can a creditor demand more money after a garnishment has been paid in fullthey are claiming it is interest.Our court papers said total included interest.?
If you have satisfied the terms of the judgment then they would need to go back to court for additional money.
What is a fee paid for the use of money?
A fee paid for the use of money is commonly referred to as interest. It represents the cost of borrowing funds, where lenders charge interest to compensate for the risk and opportunity cost of lending their money. Interest can be expressed as a percentage of the principal amount borrowed and is typically calculated over a specific period. In financial terms, it's a key factor in loans, mortgages, and credit arrangements.
If I borrow money knowing it has interest - is it up to me to pay it and if I do not is that stealing?
If you borrow money on agreed terms, including the obligation to pay interest, then choose not to pay the interest, that would be stealing.
What is the definition of interest in math terms?
The charge for borrowing something (money) or the return for lending it
What does q stand for in terms of money?
In terms of money, "q" often represents the quantity of goods or services produced or consumed in economic models. It can also denote the quantity in relation to demand and supply equations. In some financial contexts, "q" may refer to Tobin's q, a ratio that compares the market value of a firm to the replacement cost of its assets.
What is interest on an application?
Interest on an application typically refers to the rate at which a loan or credit card balance accrues over time. It represents the cost of borrowing money and is usually expressed as an annual percentage rate (APR). In the context of an application process, such as for a loan, interest can impact the total amount to be repaid and the terms of the agreement. Understanding this interest is crucial for applicants to make informed financial decisions.
What term is defined as fee charged for the use of money?
It is interest payable, usually on agreed terms.
What is debt interest?
Debt interest is the cost incurred by a borrower for using borrowed funds, typically expressed as a percentage of the principal amount. It represents the compensation lenders receive for the risk of lending money and the opportunity cost of not using those funds elsewhere. Interest can be fixed or variable and is paid periodically, depending on the terms of the loan. Understanding debt interest is crucial for managing personal or business finances effectively.
What does Money Owed mean?
"Money owed" refers to the amount of money that an individual or entity is obligated to pay to another party. This can arise from loans, credit agreements, or unpaid bills. It represents a liability on the balance sheet of the debtor and must be settled according to the agreed-upon terms. Failing to repay money owed can lead to penalties, interest charges, or legal consequences.
What is the definition of cheap money in economic terms?
This idea has to do with a period of low interest rates to boost spending and investments. Cheap money is the idea that since interest rates are low, from the bank, then it is cheaper to borrow that money and invest it in something.
Is a certificate of deposit the same as a promissory note?
No, they are not the same.Promissory note: represents a loanA promissory note written document in which a borrower agrees (promises) to pay back money to a lender according to specified terms. It usually includes specific terms of repayment, such as when the note is payable on demand and whether payment is due by a stated time or through a series of payments. A promissory note is a legally binding written promise to repay a debt.Certificate of deposit: represents money deposited in a term accountA certificate of deposit (or CD) is similar to a savings account in that you are paid interest on money deposited in a financial institution. However, you earn higher interest in exchange for agreeing to leave the money on deposit for a set period of time. CDs are a safe investment as long as you understand how they work and especially the penalties for early withdrawal of the funds. CDs are issued by commercial banks and savings and loans (or other thrift institutions).
