Explain 3 reasons why opening a checking account would benefit you?

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A: Marginal rate of substitution: The marginal rate of substitution or MRS signifies the rate at which…

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A: Opportunity cost: The value of alternative opportunities foregone and sacrificed to acquire one unit…

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A: Economic equivalence  is a combination of interest rate and time value of money to determine the…

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A: The labor-leisure trade-off refers to the trade-off that individuals face between the amount of time…

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Q: With the help of a diagram analyse the concept of A) Aggregate supply

A: A) The aggregate demand-aggregate supply, most popularly known as the AD-AS model demonstrates how…

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A: Outsourcing refers to the process of contracting a third-party company or individual to perform a…

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A: Asymmetric information also called "information failure" is when one party to an economic…

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A: The Demand for products or services is described as the desire of a consumer to purchase that…

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Q: Suppose there is an increase in the interest rate in the financial markets. What effect will this…

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Q: 15. If an innovation increases productivity, it also: . Shifts the SRAS to the left Shifts the LRAS…

A: Productivity in economics is the ratio of output to input in a given economy. It measures how…

Q: Suppose an economy has production function F (K) = 10√K. Suppose saving rate, s, is 0.1 and…

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A: Utility function and ICs: The utility function determines all those consumption bundles that provide…

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A: Returns to scale refers to the relationship between the changes in inputs and the corresponding…

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A: production function shows the maximum production which can be produced with given level of inputs.

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Q: Price C A E S D Quantity

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A: Box 3: Anchoring bias

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A: Fiscal and monetary policy: Fiscal policy signifies the policies taken by the government of an…

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A: Given,

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A: Aggregate demand will be computed as summation of individual demand functions.

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A: A perfectly competitive firm is one of many firms in the market producing identical goods.

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Q: What is implicit and explicit cost. Explain

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A: When the project has different lives, it will be compare over the least common multiple method

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Q: Should government provide for health care

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Financial Institutions and Federal Bank

The word financial institution is a kind of business organization that deals with the financial activities of a nation. These activities include accepting deposits, making payments, granting loans and advances, transferring funds, holding shares, providing credits, purchasing and selling foreign exchanges, investments in shares, futures commodities, and many more.