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A car valued by the owner at £9,900 was insured for an annual premium of £360. The annual premium was paid by monthly instalments. A service charge of 7.5% of the annual premium was added.
(a) Calculate the amount of each monthly installment.
The car was damaged and a claim for repairs costing £2,100 was submitted to the insurance company. The loss assessor decided that the car had been undervalued and insured for only 90% of the full value.
Calculate:
(b) the amount of compensation received by the owner of the car
(c) the full value of the car as decided by the loss assessor
(d) the new annual premium required to insure the car at full initial value.
How would a downward change in the money supply affect someone personally How would it effect a person's career What impact would rational expectations have on a person's decisons in this situation
Are credit cards or debit cards money? Explain your answer. "When the Fed makes an open market purchase of government securities, the quantity of money will eventually decrease by a fraction of the initial change in the monetary base." Is the previ..
Two identical countries, Alpha and Beta, can be described by the IS-LM model in the short run. The governments of both countries cut taxes by the same amount. The Central Bank of Alpha follows a policy of holding a constant money supply. The Centr..
In spite of this potential impact on future growth (discussed in question 2), under what circumstances be a good idea to increase government borrowing? Justify. {Note: This is obviously your opinion—just be sure to back up your opinion.}
How do the following events affect an aggregate spending line?
1. The marginal revenue curve for a perfectly competitive firm is ___________.
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls.
Explain how might Peterson draw on the insights of new growth theory to draft a position statement ruling out unhindered immigration but proposing greater openness to "targeted immigrants".
G = Go; I = f (i...) but investment is NOT a function of income; X = Xo; with import function of M = Mo + mY. Assume a money demand function Md=Mt+Ml, with Mt=f(y) and Ml=f(i), and Ms=Mso. Now assume a significant increase in the public's liquid..
Find an article in a business journal and 1st summarize the facts presented in the article and then relate these facts to some microeconomics/macroeconomic concept that you discovered in the reading.
Explain the antitrust laws in the US stricter also more comprehensive compared to those of other industrialized country.
Can use outside sources to support but need to be valid. Identify the major firms in the industry. Determine to the extent possible the relative Market shares of these firms.
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