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What are the key differences between the LIBOR and Prime interest rates, and how do they impact borrowing costs for consumers and businesses?

The key difference between LIBOR and Prime interest rates is that LIBOR is an international benchmark rate based on the rates at which banks lend to each other, while the Prime rate is set by individual banks and is typically tied to the federal funds rate. LIBOR tends to be higher than the Prime rate, which means borrowing costs for consumers and businesses linked to LIBOR will be higher. This can impact the cost of mortgages, student loans, and other financial products tied to LIBOR. On the other hand, the Prime rate directly affects the interest rates on credit cards, home equity lines of credit, and other loans tied to it. Overall, fluctuations in these rates can impact borrowing costs for consumers and businesses, making it important to monitor and understand how they are changing.


Explore the goals functions of financial management?

Financial management is there to ensure that the organization manages its finances. It also exist so that businesses can assess risks associated with money before making investments.


Why use a market intermediary?

Market intermediaries are used because some businesses need the middle man to deliver goods to its customers. They perform a series of functions to bring products to wholesalers, retailers, distributors, dealers, agents, and franchises.


What are the agency functions of sbi?

The State Bank of India (SBI) performs several key agency functions, including acting as an agent for the government in managing public funds and implementing government schemes. SBI also handles the collection of taxes and other dues on behalf of the government. Additionally, it offers services such as managing pension funds and providing remittance services, facilitating transactions for customers and businesses alike. These functions enhance financial inclusion and streamline government financial operations.


What is don berlusconi current financial wealth?

we previously reported a wealth(net worth) of about $650 million dollars relative to wealthy Italian businessman don Berlusconi, son of former Italian prime minister and mega rich Silvio Berlusconi. that was several years ago. since then he has added more businesses to his list that he owns and has increased sales and profits relative to all his businesses and additionally he was recently received stock ownership in all of his fathers businesses as well as to be made an officer of those businesses. therefore, we have investigated and determined that don Berlusconi wealth is now at approx. 4 and 1/2 billion dollars.