How are interest rates calculated by financial institutions?
Financial institutions generally calculate interest as (1) ______ interest or (2)_______interest.
Generally, financial institutions would calculate interest using two models: simple interest and compound interest.
Simple interest refers to calculating interest only on the loan amount you are given or the deposit amount you make, while compound interest refers to calculating interest based on the loan amount you are given or the deposit amount you make as well as the interest it accumulates in every period.
Answer:
(1)Simple
(2) Compounded
Explanation:
The simple interests are interests rates that are charged to whoever ask for the loan, or borrows money in credit cards for the simple action of taking the money, and that percentage is charged one or several times, but does not become part of the debt.
Compounded interests are interests that as the simple are charged to the person that borrows the money or takes out a credit, but this interests do become part of the debt and eventually start to generate interests as the principal account.
Which of the businesses listed below is not a service-based business? car repair hotel house cleaning clothing
Clothing is the business listed that is not a service-based business.
Explanation:A service-based business provides intangible services to customers, rather than physical products. These businesses offer expertise, skills, and solutions to meet various needs, such as consulting, healthcare, education, and professional services. They focus on delivering high-quality services and building strong client relationships to thrive in the market. The businesses listed below are:
car repair - a service-based business, as it provides a service of repairing carshotel - a service-based business, as it provides accommodation and other services for guestshouse cleaning - a service-based business, as it provides a service of cleaning housesclothing - not a service-based business, as it involves selling tangible products (clothes)Therefore, clothing is the business listed that is not a service-based business.
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Among the listed businesses, "clothing" is not service-based. Unlike car repair, hotels, and house cleaning that offer services, clothing involves the production and sale of tangible items, placing it in the category of a product-based business rather than a service-oriented enterprise.
Among the businesses listed, the one that is not a service-based business is **clothing**. While the other options—car repair, hotel, and house cleaning—are service-oriented, providing specific tasks or accommodations for customers, clothing falls under the category of a product-based business.
Clothing involves the manufacturing, selling, and distribution of tangible items, making it a product-oriented enterprise. Businesses involved in producing and retailing clothing operate within the realm of tangible goods rather than providing direct services.
While services like car repair, hotel accommodations, and house cleaning involve specific actions performed for customers, clothing businesses primarily offer physical items for sale, distinguishing them from service-based enterprises that offer tasks, assistance, or accommodations as their primary function.
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17. Which of the following is an example of sources of funds?
A. Acquiring assets
B. Earning interest
C. Buying investments
D. Buying bonds
help please economic government matching card game there are 10 matches
1. traditional----trade and barter system
2. oligarchy--- rule by small group of people
3.
A theocracy is the rule of a religious authority. Think theology, or theologian.
A monarchy is rule via heredity, such as in a kingship. Monarchies often go hand in hand with religion, such as the case of the Shah of Iran, the Pharaohs of Egypt, as well as kings and queens virtually everywhere throughout all time.
A democracy is rule of the people, although I would not choose to phrase it that way.
Voluntary exchange between buyer and seller would be capitalism.
A dictatorship is authoritarian.
Collective ownership is communism.
I can't read what's on the left, but you can use process of elimination.