a. The coin appreciated at an annual rate of about 10.04% from its first minting in 1792 to the 1979 sale.
b. The 1979 buyer earned an annual rate of return of about 7.48% on his purchase.
c. The coin appreciated at an annual rate of about 9.94% from its first minting to the 2017 sale.
a) Let us assume that the rate of appreciation for the coin from its first minting to the 1979 sale was r. Using the formula for exponential growth of a given amount A to a new amount B over a given period of time t and growth rate r is given by: \($$B = A(1+r)^t$$\)
Let A be the original value of the coin when it was minted in 1792. Since the coin had a face value of $5, we have that $5 =\(A(1+r)^{1979-1792}$\).
The exponent 1979-1792 is the time interval between the minting of the coin and the 1979 sale, which is 187 years.
Solving for r, we get$$r = \\(sqrt[187]{\frac{1252000}{5}}-1$$\)
Using a calculator, we get:r ≈ 0.1004 ≈ 10.04%Thus, the coin appreciated at an annual rate of about 10.04% from its first minting in 1792 to the 1979 sale.
b) In 2017, the coin was sold at an auction for $1,252,000. The 1979 buyer would have earned an annual rate of return of r' if he sold the coin at the 2017 auction.
Thus,$1252000 = \(165000(1+r')^{2017-1979}$$r'\)= \(sqrt[38]{\frac{1252000}\)\({165000}}-1$$\)
Using a calculator, we get: r' ≈ 0.0748 ≈ 7.48%Thus, the 1979 buyer earned an annual rate of return of about 7.48% on his purchase.
c) Using the same exponential growth formula, let the rate of appreciation of the coin from its first minting to the 2017 sale be r''. The original value of the coin in 1792 is A.
Thus,$1252000 = \(A(1+r'')^{2017-1792}$$r''\) = \(sqrt[225]{\frac{1252000}\){A}}-1$$
Using a calculator, we get: r'' ≈ 0.0994 ≈ 9.94%.Thus, the coin appreciated at an annual rate of about 9.94% from its first minting to the 2017 sale.
For more such questions on annual rate
https://brainly.com/question/31361595
#SPJ8
The office supplies account starts the year with a balance of $4,000. During 2013 the company purchased supplies for $13,400, which is added to the office supplies account: supplies on hand at December 31, 2013 amounted to $2,554. What is the debit and credit supplies?
The debit for supplies is $13,400 and the credit for supplies is $15,846, resulting in a $2,554 balance in the office supplies account on December 31, 2013.
A debit and credit in accounting are the opposite sides of a transaction that show an increase or decrease in an account.
In the case of the office supplies account, the company started the year with a balance of $4,000 and purchased additional supplies for $13,400. The supplies on hand on December 31, 2013, amounted to $2,554.
Debit and credit refer to the entries made to the office supplies account to reflect the purchases and usage of supplies. The debit entry shows an increase in the office supplies account, while the credit entry shows a decrease.
The debit entry for the purchase of supplies would be recorded as a $13,400 increase in the office supplies account, which would increase the balance from $4,000 to $17,400.
The credit entry for the usage of supplies would be recorded as a $15,846 decrease in the office supplies account, which would decrease the balance from $17,400 to $1,554.
To know more about credit and debit here.
https://brainly.com/question/12269231
#SPJ4
Byron Books Inc. recently reported $9 million of net income. Its EBIT was $16.1 million, and its tax rate was 25%. What was its interest expense
To find the interest expense of Byron Books Inc., we can start with the formula for calculating net income:
Net Income = EBIT - Interest Expense * (1 - Tax Rate)
Rearranging the formula, we can solve for interest expense:
Interest Expense = (EBIT - Net Income) / (1 - Tax Rate)
Given that Byron Books Inc. reported a net income of $9 million, EBIT of $16.1 million, and a tax rate of 25% (or 0.25), we can substitute these values into the formula:
Interest Expense = (16.1 million - 9 million) / (1 - 0.25)
Interest Expense = 7.1 million / 0.75
Interest Expense = $9.4667 million or approximately $9.47 million
Therefore, the interest expense of Byron Books Inc. is approximately $9.47 million.
Learn more about interest expense here:
https://brainly.com/question/29492215
#SPJ11
The interest expense of Byron Books Inc. is $7.1 million.
Explanation:Interest expense is a financial cost that a company or individual incurs when borrowing money. It's typically associated with loans, bonds, or credit lines. This expense represents the amount paid to the lender as compensation for the use of their funds. For businesses, it's a deductible expense, reducing taxable income. Monitoring and managing interest expense is crucial for financial health, as excessive interest payments can strain cash flow and negatively impact profitability. Byron Books Inc. recently reported $9 million in net income. Thus,
To find the interest expense, we can use the formula:
Interest Expense = EBIT - Net Income
Substituting the given values:
Interest Expense = $16.1 million - $9 million
= $7.1 million
Learn more about Interest Expense here:https://brainly.com/question/33177136
#SPJ12
Where can water in the atmosphere come from? Select all possible answers.
A. oceans. B. plants. C. ice. D. puddles
Answer: A. It comes from oceans
how does the elimination period affect the cost of premium?
The elimination period is the waiting period before an insurance policy starts paying benefits. A shorter elimination period typically results in a higher premium cost, while a longer elimination period usually lowers the premium.
The elimination period is an important factor in determining the cost of an insurance premium. It represents the duration during which the policyholder must cover their own expenses before the insurance benefits kick in. Insurance companies offer different options for the elimination period, ranging from a few days to several months.
When selecting a shorter elimination period, the insurance company assumes a greater risk of having to pay out benefits sooner. To compensate for this increased risk, they charge a higher premium. On the other hand, a longer elimination period means that the policyholder will need to cover their expenses for a longer period before receiving insurance benefits. This reduces the risk for the insurance company, resulting in a lower premium.
Therefore, if an individual chooses a shorter elimination period, they will have higher premium payments due to the increased likelihood of making a claim sooner. Conversely, opting for a longer elimination period lowers the premium cost since the insurance company's risk exposure is reduced. It's essential for individuals to carefully evaluate their financial situation and needs to strike a balance between the elimination period and premium cost that aligns with their specific circumstances.
To know more about Company visit-
brainly.com/question/26775900
#SPJ11
a. What are the three major sections of a balance sheet?
b. What is the balance sheet equation?
a. The three major sections of a balance sheet are: Assets; Liabilities; and Equity.
b. The balance sheet equation, also known as the accounting equation, is: Assets = Liabilities + Equity
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It presents the company's assets, liabilities, and shareholders' equity, showing how the company's resources are financed and what it owes to creditors and shareholders.
The balance sheet equation reflects the fundamental principle of double-entry bookkeeping, where every transaction has two sides: a debit and a credit. The equation states that the total value of assets owned by a company is equal to the combined value of its liabilities and equity.
Learn more about balance sheet here:
https://brainly.com/question/14314539
#SPJ4
The three major sections of a balance sheet are assets, liabilities, and equity. The balance sheet equation, Assets = Liabilities + Equity, ensures that the balance sheet remains balanced.
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It consists of three major sections: assets, liabilities, and equity.
1. AssetsThe assets section represents what the company owns or controls. It includes current assets, which are assets that can be converted into cash within one year, such as cash, accounts receivable, and inventory. It also includes non-current assets, which are assets with a longer useful life, such as property, plant, and equipment.
2. LiabilitiesThe liabilities section represents what the company owes to others. It includes current liabilities, which are obligations that are due within one year, such as accounts payable and short-term debt. It also includes non-current liabilities, which are obligations with a longer repayment period, such as long-term debt and deferred taxes.
3. EquityThe equity section represents the residual interest in the company's assets after deducting liabilities. It includes shareholders' equity, which consists of contributed capital (the amount invested by shareholders) and retained earnings (the accumulated profits of the company).
The balance sheet equation, also known as the accounting equation, is a fundamental concept in accounting. It states that Assets = Liabilities + Equity. This equation ensures that the balance sheet remains balanced, with the total value of assets equaling the total value of liabilities and equity.
Learn more:
About balance sheet here:
https://brainly.com/question/32166203
#SPJ11
Doug Smith is the manager at Fun in the Sun, a beach and summer clothing store, and he is wanting to sell the shop’s entire line of beach flip flops for $10.50 — the original retail price of the flip flops was $15.00. How much did Doug have to mark down to achieve the sale price and what was the percentage markdown?
Answer:
$4.50 : and 30%
Explanation:
Markdown signifies a price reduction.
At Fun in the Sun, the original retail price for flip flops was $15. The manager wants to sell at $10.50.
The markdown will be the original price - the new proposed price
=$15 - $10.50
=$4.50
As a percentage, the markdown will be
=$4.50/$15 x 100
=0.3 x 100
=30%
3. The following figures for a business are available:
$
June 1, 2019
Stock
Creditors
Debtors
Stock
Creditors
Debtors
May 31, 2020
11,590
3,410
5,670
13,425
4,126
6,108
Year to May 31, 2020
Received from debtors
Paid to creditors
45,112
29,375
All goods were bought or sold on credit.
Required:
Draw up the trading account for the year May 31, 2020, deducting any figures that may
be needed.
Answer:
what's the question....
Explanation:
explain the difference between a courier and a post office (4marks)
Help pls!!
Answer:
Here are some major differences between courier services and postal services.
Explanation:
The first major difference between them is the time taken by them to complete the delivery. Postal services take a lesser amount of time (1-2 days), whereas on the other hand courier services make it a rapid delivery, generally the same day or the next day.
Courier services are offered by private organizations such as FedEx or DHL, whereas postal services are generally govt offices. Couriers are sent within the home country, but postal services are sometimes international too, which develops connectivity between nations.
If we take a look at the pricing, postal services are generally cheaper than courier services considering the reliability, speed ,and quality.
Which of the following best describes entrepreneurial personality traits?
a
Risk averse and co-dependent.
Appreciate direction from others and risk averse.
Tolerant of uncertainty and highly energetic.
Prefer to work less hours and prefer to give directions and let others do the foot work
d
estion 5 (1 point
Hetailed written statement that describes the nature of the business, the customer segment, the
The two important entrepreneurial personality traits are tolerance of uncertainty and high energy levels. Hence, Option (B) is correct.
Entrepreneurs must be tolerant of uncertainty because starting and running a business involves inherent risks and unpredictable outcomes.
They face numerous challenges, from market fluctuations to competition and unforeseen obstacles.
Tolerating uncertainty means they can handle the stress and pressure associated with these situations, adapt to changing circumstances, and make informed decisions amidst ambiguity.
High energy levels are crucial for entrepreneurs because they often work long hours, face multiple responsibilities, and encounter numerous demands.
Entrepreneurship requires dedication, passion, and a relentless drive to achieve goals.
Thus, these two traits, that are tolerance of uncertainty and high energy levels, are foundational for entrepreneurs.
Learn more about entrepreneurial personality here:
https://brainly.com/question/15336102
#SPJ6
Which of the following best describes entrepreneurial personality traits?
A. Risk-averse and self-nurturing
B. Tolerant of uncertainty and highly energetic
C. Appreciative of direction from others and risk-averse
D. Preference for working fewer hours and letting others do the footwork
What is a tagline?
(Principles Of Business Management)
Answer:
Explanation:
A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.
An author writes a history book to be used in college courses. The copyright protection subsisting in that work applies to:
We should understand that copyright protection subsisting in his work applies to every other aspect of his work as well
The Copyright law is a law that protects owners of an original material from unauthorized duplication or use by another person.
The rights associated with a copyright protection includes:
right to make derivatives of a workright to reproduce a workright to lend a work.In conclusion, the copyright protection subsisting in his work applies to every other aspect of his work as well.
Read more about copyright protection:
brainly.com/question/13190497
WHAT ARE TWO BENEFITS AND DRAWBACKS OF BEING A SOLE TRADER?
Explanation:
benefits of being a sole trader
The main benefit of being a sole trader is that you are your own boss and you can dictate the direction of the business.you keep all the profits andyou have maximum privacy.
drawbacks
Financing and business credit is harder to procurePotential credibility issuewhat are the main activities in the production and maintenance phase of system development?
The planning, construction, testing, and general design of the way an conceptual model is constructed and maintained are all included in the process.
Which tasks are carried out during the maintenance phase?
The client keeps track of the program throughout this servicing phase to make sure it keeps up with the coding requirements. The client not only keeps track on performance evaluation, but also fixes bugs and updates program as needed.
What activities take place throughout the deployment and maintenance phases?
Goal of the Deployment Phase
the development group must adhere to certain steps in the deployment process to guarantee that the program and technologies deploy properly. The stages are as follows: product deployment, property transfer, distribution planning and processes, and final implementation phase.
To know more about deployment click here
brainly.com/question/25760458
#SPJ4
the cost of producing x units of a new product is c(x)=3x3 10 hundred dollars. what is the average cost of producing the first 9 units?
The average cost of producing the first 9 units of the new product is $241.89 per unit.
It can be found by dividing the total cost of producing 9 units by the number of units produced.
First, we need to find the total cost of producing 9 units. We can do this by plugging 9 into the equation for c(x):
c(9) = 3(9)^3 - 10 = 2187 - 10 = 2177
The total cost of producing 9 units is 2177 hundred dollars, or $217,700.
Next, we need to divide this total cost by the number of units produced to find the average cost:
Average cost = Total cost / Number of units
Average cost = 2177 / 9
Average cost = 241.89
The average cost of producing the first 9 units is $241.89 per unit.
To know more about average costs, refer here:
https://brainly.com/question/29306232#
#SPJ11
define finiancial institution
Answer:
A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.
Answer:
Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions:[1][2]
Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;
Contractual institutions – insurance companies and pension funds
Investment institutions – investment banks, underwriters, brokerage firms
The HR department at Clearwater Electronics received a report of a work-related injury on the production line that resulted in the employee missing several days of work. Supposedly, the employee hurt his back while lifting a box of components. However, another employee reported that the employee was not really hurt and just wanted some days off. It is the responsibility of the HR department to process workers' compensation claims and make sure the claim is not fraudulent. Which statement gives the best reason for HR to ensure that the claim is legitimate?
Answer: Fraudulent workers' compensation claims can lead to higher insurance premiums and penalties, so it is important for HR to protect the company and avoid costly mistakes.
Explanation:
With regards to the scenario in the question, the statement that gives the best best reason for the Human Resource to make sure that the claim is legitimate is because the activities of workers that are fraudulent can lead to the increase in both the insurance premium and penalties.
Therefore, every claim.has to be verified and seen to be legitimate. The HR must therefore protect the company and make sure that costly mistakes are avoided.
banks with relatively ____ roas often incur ____ noninterest expenses. group of answer choices low; very low low; very high high; very high none of the options are correct.
Banks with relatively high ROAs often incur very low noninterest expenses.
Return on assets (ROA) is a key financial ratio that measures a bank's profitability by dividing its net income by its total assets. A high ROA indicates that a bank is generating strong profits relative to the size of its asset base, while a low ROA suggests that a bank is struggling to earn a decent return on its investments.
In general, banks that are able to achieve high ROAs tend to have lower noninterest expenses than their peers. This is because they are able to operate more efficiently and generate more revenue from their core business activities, such as lending and investing. As a result, they are able to maintain strong profitability without incurring high levels of overhead costs.
On the other hand, banks with lower ROAs may struggle to generate enough revenue to cover their noninterest expenses. This can lead to higher levels of overhead costs, such as salaries, rent, and other administrative expenses. As a result, these banks may have to focus on cost-cutting measures and operational efficiencies in order to improve their profitability over time.
In summary, banks with relatively high ROAs tend to incur very low noninterest expenses, while banks with relatively low ROAs may incur higher noninterest expenses in order to maintain their operations.
To know more about ROAs click on below link
https://brainly.com/question/30064968#
#SPJ11
Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
With vividly examples explain how commerce complete process
Answer:
Vividly examples explain commerce complete process is described below in complete details.
Explanation:
Commerce suggests the purchasing and merchandising of goods and services for cash or in character. It is a division of the business. It incorporates all the methods that have to do with the replacement of commodities and services. ... Some statisticians, however, say that it encompasses all business activities and employment.
Your bank will pay you an interest rate of 172 percent compounded weekly You want to have $29.500 in 6 years. How much will you have to deposit today? Assume 52 weeks per year a. $1748698 b. $26.978.54 c. $51764421 d. $51754037 e. $517256 89
The amount one needs to deposit today in order to have $29,500 in 6 years with a compound interest rate of 172% compounded weekly is $17486.98. The correct answer is option A.
A=P(1+rn)\(^{(nt)}\)
where:
A = the final amount ($29,500)
P = the initial principal (amount to be deposited today)
r = the annual interest rate (as a decimal)
n = the number of times interest is compounded per year (52, in this case)
t = the number of years (6)
We want to solve for P, the initial principal. Rearranging the formula, we have:
P=A/(1+rn)\(^{(nt)}\)
Plugging in the given values:
r = 172% = 1.72 (as a decimal)
n = 52
t = 6
A = $29,500
We can calculate the required deposit using the formula:
P=29,500/(1+1.72/52)\(^{(52*6)}\)
Using a calculator, we find:
P ≈ $17,486.98
Therefore, the correct answer is option a. $17,486.98.
To know more about compound interest, visit https://brainly.com/question/28020457
#SPJ11
Margaret invested $75,000
in a company. Now she
has $125,000.
What is the percentage
change?
[?]%
(Round your answer to the nearest percent.)
The percentage increase for Margaret's investment in this company is 67%.
The types of percentage change.In Mathematics, there are two (2) main types of percentage change and these include the following:
Percentage decreasePercentage increaseMathematically, percentage increase can be calculated by using this formula:
Percentage increase = [Final value - Initial value]/Initial value × 100
Substituting the given parameters into the formula, we have;
Percentage increase = [125,000 - 75,000]/75,000 × 100
Percentage increase = 50,000/75,000 × 100
Percentage increase = 0.667 × 100
Percentage increase = 66.7 ≈ 67%.
Read more on percentage increase here: brainly.com/question/11360390
#SPJ1
________ ________ focuses on a range of topics, from production planning to budgets of raw materials.
a. Financial accounting
b. Managerial accounting
c. Tax accounting
b. Managerial accounting Managerial accounting focuses on a range of topics related to internal decision-making and planning within an organization.
It provides information and analysis to assist managers in making informed decisions about various aspects of their business operations. One of the key areas it covers is production planning, which involves determining the optimal levels of production, scheduling, and resource allocation to meet customer demand efficiently.
Additionally, managerial accounting also deals with budgets of raw materials. It helps managers develop and manage budgets for acquiring and utilizing raw materials effectively, considering factors like cost, availability, and quality. By monitoring and controlling the budgeted quantities and costs of raw materials, managers can ensure optimal utilization of resources, minimize waste, and maintain profitability.
Overall, managerial accounting plays a crucial role in assisting managers in making strategic decisions by providing them with accurate and relevant financial information regarding production planning, raw material budgets, and other operational aspects of the organization.
learn more about Managerial here:
https://brainly.com/question/30369212
#SPJ11
Which type of networking doesn't require a password to access
A Wi-Fi network connection with Wi-fi protected setup (WPS) for a home or a small environment doesn't require a password to access the networking system.
What is a password?Password is a code that helps in securing the data maintained on a computer or laptop. it also helps in securing the data from any unauthorized access.
WPS is a kind of network security that enables a protected wireless network for a home or a small surrounding. It allows a faster network connection between a router and any portable wireless device.
Therefore, the Wi-Fi network with WPS security requires no password to access the network.
Learn more about the passwords in the related link:
https://brainly.com/question/9759652
#SPJ2
please help and thanks :)
The company increases its capital without going into debt is the advantage of offering the sales of shares in a company.
What are shares?
A share, which can also apply to shares of mutual funds, limited partnerships, and real estate investment trusts, is a unit of equity ownership in the capital stock of a corporation in the financial markets. The term "share capital" describes all of an organization's assets. A shareholder of a corporation is someone who owns shares in the organization. A share represents the ownership relationship between the business and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market worth of those shares, is its denominated value.
Know more about shares - brainly.com/question/28539863
#SPJ1
In terms of finding the "right answer" to the question of using big requirements up front (BRUF) vs. emergent requirements, the chapter argues that: -BRUF is still generally the best approach -Emergent requirements have largely replaced -BRUF The best choice for each project depends on that project's characteristics -Either can work about equally well in most projects -The BA should use whichever approach she feels most comfortable with
The claim that either big requirements up front (BRUF) or emergent requirements may function just as effectively in most projects best summarises the case made in the chapter.
The chapter argues that there is no one-size-fits-all answer when it comes to the use of big requirements up front (BRUF) versus emergent requirements. Instead, the best approach depends on the specific characteristics of each project.
BRUF is still considered a valid approach in certain situations. It can be beneficial when there is a clear understanding of the project requirements, stable and well-defined scope, and limited uncertainties. BRUF can help provide a structured framework for planning and execution, particularly in projects where changes are anticipated to be minimal.
On the other hand, emergent requirements have gained prominence in software development due to the increasing complexity, dynamic business environments, and the need for flexibility. This approach acknowledges that requirements evolve and change over time, and it emphasizes continuous collaboration, feedback, and adaptation. Emergent requirements are suitable for projects with high levels of uncertainty, evolving user needs, and a requirement for quick iterations and responsiveness.
To learn more about BRUF
https://brainly.com/question/32087539
#SPJ4
Complete question:
Which of the following statements best represents the argument made in the chapter regarding the use of big requirements up front (BRUF) versus emergent requirements?
A) BRUF is still generally the best approach.
B) Emergent requirements have largely replaced BRUF.
C) The best choice for each project depends on that project's characteristics.
D) Either can work about equally well in most projects.
E) The BA should use whichever approach she feels most comfortable with.
What is the awser for all the questions on everfi [Furture smart] all lessons
Answer:
answer is A
Explanation:
It's Debit Card from what I know
Answer:
A
Explanation:
Provider ______ is the difference between company understanding of customer expectations and the development of customer-driven service designs and standards.
Answer: Gap 1
Explanation:
The Gap model is used to better understand the problems involved in delivering superior services to customers which can then be overcome for better customer service.
There are 4 gaps and the relevant one here is Gap 1 which is the Listening Gap. Gap 1 is the difference between company understanding of customer expectations and the development of customer-driven service designs and standards.
This Gap is very important to note because the company cannot deliver to its customers effectively if it does not understand what they want in the first place.
Britain is becoming more of an entrepreneurial country as the number of new
businesses continues to grow. In 2019 there were 5.8 million small businesses.
This was an increase of 3.5% from 2018.
How many small businesses set up in 2019?
SELECT ANSWER
20,300
5.6 million
203,000
1.66 million
Answer:
5.6 million
Explanation:
As previously mentioned, at the start of 2019 there were 5.9 million businesses in the UK, up from 5.6 million the previous year.
Ahmad has some saving where do you suggest him to keep and why
Answer:
It depends on how much money Ahmad has saved.
Explanation:
If he has a small amount of money, the best he can do is to put his savings on a safe investment, like treasury bonds, an ETF, or a safe and low risk bond of a trustworthy company.
If Ahmad has a larger amount of money, he can put his savings in riskier assets like stock, which could give him a higher return. He could also create a more diverse investment portfolio, with some of his savings going to safer, lower yield investment instruments, and the rest going to riskier, higher yield investment instruments.
Two teams of students are preparing for a debate in their economics class. Each team will argue for an economic goal. Dave's team will start by focusing on a goal shared by all market economies having to do with trying to keep the cost of goods and services from changing. What term should Dave use to introduce the first goal he will be discussing during the debate?
Dave should use the term "price stability" to introduce the first economic goal he will be discussing during the debate.
What is the price stability goal?Price stability is the state in which a country's currency maintains purchasing power by maintaining low and stable inflation over the medium term (three to five years), as measured by the Consumer Price Index. Price stability does not mean that prices will not change. This means that prices are rising at a moderate pace.
What is the goal of price stability?A stable price ensures that money retains its value and helps people and businesses better plan their spending and investments. This helps the economy grow, creating jobs and wealth.
To learn more about Price stability visit:
https://brainly.com/question/11855876
#SPJ1