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How is the channelling of funds from savers to spenders very important?
The channelling of funds by savers to spenders is very significant for two purposes:
• One, lender-savers (along with excess of accessible funds) does not often have profitable investment opportunities, whereas borrower-spenders have investment opportunities but lack of funds.
• Second, still for purposes other than investment opportunities into businesses, borrower-spenders may wish for invest into excess of their current income or to adjust the composition of their wealth (understanding of the preferences for recent versus future consumption).
What is the effective annual cost of skipping the discount and paying at the end of the net period for the following credit terms: 6/10, net 70? please show work"
What is the need for documents in international business? Substantiate your answer with suitable examples.
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