What are the Similarities and Differences for the following central banks; National Bank of Ukraine, Bank of Canada, South African Reserve Bank, Central Bank of Liberia, US Federal reserve and European Central Bank in terms of:
1) Monetary Policy process and decisions
2) Domestics Financial Market Operations
3) bank Independence in operating
4)Transparency in its activities
5) Communication
6) Dealing with Moral Hazards
7)Financial indicators (GDP, CPI, interest rate etc.
Answers
The central banks mentioned share similarities in terms of their objectives, such as conducting monetary policy, managing domestic financial market operations, and maintaining transparency. However, there are also differences in their processes and decisions, degree of bank independence, communication strategies, approaches to dealing with moral hazards, and specific financial indicators used.
The central banks mentioned, including the National Bank of Ukraine, Bank of Canada, South African Reserve Bank, Central Bank of Liberia, US Federal Reserve, and European Central Bank, all have the common objective of conducting monetary policy to maintain price stability and support economic growth.
They employ various tools and processes to achieve these objectives, such as setting interest rates, implementing reserve requirements, and conducting open market operations. However, the specific monetary policy decisions and strategies may differ based on each central bank's assessment of domestic economic conditions and priorities.
Regarding domestic financial market operations, central banks engage in activities such as managing the money supply, regulating the banking sector, and ensuring the smooth functioning of financial markets. While the overall goals are similar, the specific methods and tools used may vary depending on the structure and needs of each country's financial system.
Bank independence refers to the degree of autonomy that a central bank has in making monetary policy decisions without external interference. While all central banks aim to maintain a certain level of independence to ensure effective policy implementation, the extent of independence can differ across countries due to legal frameworks, governance structures, and political factors.
Transparency in central bank activities is crucial for maintaining public trust and credibility. Central banks generally strive to communicate their policy decisions, objectives, and economic assessments to the public and financial markets. However, the level of transparency can vary, with some central banks providing more detailed and frequent communication than others.
Communication strategies play a vital role in central bank operations, as they aim to provide clear and timely information to the public and financial markets about monetary policy decisions and economic outlook. While central banks employ various channels, such as press releases, speeches, and regular meetings, the frequency, content, and style of communication may differ across institutions.
Dealing with moral hazards, such as excessive risk-taking by financial institutions, is an important aspect of central bank responsibilities. Each central bank may adopt different measures and regulatory frameworks to mitigate moral hazards and maintain financial stability, depending on their assessment of systemic risks and financial market conditions.
Financial indicators, including GDP (Gross Domestic Product), CPI (Consumer Price Index), and interest rates, serve as important benchmarks for central banks in assessing the state of the economy and formulating monetary policy.
While these indicators are commonly used across central banks, the specific focus and emphasis on certain indicators may vary based on each institution's economic priorities and financial system characteristics.
Overall, while central banks share similar objectives and functions, there are variations in their processes, decision-making, degree of independence, communication strategies, approaches to moral hazards, and specific financial indicators considered, reflecting the unique contexts and requirements of each country's economy and financial system.
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Related Questions
An internal request for supplies is called
Answers
Answer:
it's called a suquisition :)
A grocery store or mass-merchandiser might rely on a _____ to decide which paperback books or magazines it sells.
Answers
Answer:
A grocery store or mass-merchandiser might rely on a rack jobber to decide which paperback books or magazines it sells.
1. Using demand and supply curves, draw or market diagram to illustrate the impact of the following:
1. An increase in lumber prices on the market for new houses
2. The aging of the baby-boom generation on the market for healthcare
3. An increase in consumer incomes on the market for restaurant meals
4. A freezing spell in Florida on the market for orange juice in Canada
Answers
An increase in lumber prices would lead to a decrease in the supply of new houses, resulting in higher prices for new houses in the market.
When there is an increase in lumber prices, it becomes more expensive for builders to acquire the necessary materials to construct new houses. This increase in production costs leads to a decrease in the supply of new houses available in the market. Consequently, the supply curve for new houses shifts to the left.
As a result of the decrease in supply, the equilibrium price of new houses increases, assuming demand remains constant. Higher prices for new houses discourage potential buyers from entering the market or purchasing new homes, which further reduces demand. However, the extent to which demand is affected depends on the price elasticity of demand for housing.
In summary, the increase in lumber prices reduces the supply of new houses, leading to higher prices in the market. The impact on demand will depend on the price elasticity of housing, with a potential decrease in demand due to higher prices.
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The line on a supply curve moves in which direction?
Responses
upward and to the left
downward and to the center
upward and to the right
downward and to the left
Answers
Explanation:
The supply curve will move upward from left to right, which expresses the law of supply: As the price of a given commodity increases, the quantity supplied increases (all else being equal).
hopefully this helps you! :)
Which of the following would NOT be subject to negotiation between a buyer and supplier?
a.Price
b.Crest and delivery terme
c.Quality standards
d.All the above could be negotiated
Answers
All the above could be negotiated between buyer and supplier. Option d. is correct .
This is because price, delivery terms, and quality standards are all common aspects that buyers and suppliers discuss and negotiate to reach a mutually beneficial agreement.
Price is one of the most common aspects of a contract to be negotiated, as both parties want to ensure they are getting a fair deal. Crest and delivery terms can also be negotiated, as different suppliers may have different capabilities or lead times that can affect when and how products are delivered.
Therefore, All of the options listed are potentially negotiable, depending on the circumstances and priorities of the parties involved. Hence, option d. is correct.
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The type of insurance that protects the driver who is at fault against claims to pay the costs related to injuries of other people is?
Answers
Liability Insurance is the type of insurance that protects the driver who is at fault against claims to pay the costs related to injuries of other people is
What does liability insurance cover on a car?In the event that you are at fault for an accident, liability coverage will cover any property damage and/or injuries to third parties. Most states require this coverage in order for you to lawfully operate your vehicle. Property damage and bodily harm are the two categories under which liability insurance is divided.
When someone is legally responsible and at fault for another person's injuries or destroys someone else's property, liability insurance is essential. As a result, liability insurance is frequently referred to as third-party insurance. Because it only covers the costs of injuries and damage to the other vehicle if you are at fault in an accident, liability insurance is typically the most affordable kind of auto insurance.
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difference between owners funds and borrowed funds
Answers
Answer:
The Owner's Funds are the total amount invested by the owner of an enterprise and the accumulated profits that they have reinvested in the business. The Borrowed Funds are the funds that a business raises through loans or borrowings from outside parties
Explanation:
Daily Enterprises is purchasing a $9.6 million machine. It will cost $45,000 to transport and install the machine. The machine has a depreciable life of five years using straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $3.9 million per year along with incremental costs of $1.1 million per year. Daily's marginal tax rate is 35%. You are forecasting incremental free cash flows for Daily Enterprises. What are the incremental free cash flows associated with the new machine?
The free cash flow for year 0 will be $ -96345000 (Round to the nearest dollar.)
The free cash flow for years 1–5 will be ? (Round to the nearest dollar.)
Answers
Since the given information only provides the total incremental revenues and costs, without further details on depreciation, taxes, and other cash flows, we cannot determine the specific values for the incremental free cash flows for years 1-5.
Certainly! To calculate the incremental free cash flows for years 1-5, we need to consider the following components:
1.Incremental Revenues: The machine is expected to generate incremental revenues of $3.9 million per year.
2.Incremental Costs: The machine will also incur incremental costs of $1.1 million per year.
3.Depreciation: Since the machine has a depreciable life of five years with no salvage value, we can calculate the annual depreciation expense using straight-line depreciation. The depreciation expense will be $9.6 million divided by 5 years, which equals $1.92 million per year.
4.Taxes: The marginal tax rate is given as 35%. To calculate the tax impact, we need to consider the taxable income, which is the difference between the incremental revenues and incremental costs minus depreciation. Tax expense can then be calculated as taxable income multiplied by the tax rate.
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as a project manager, you decide to use a continuous improvement framework to help you measure success. the framework you choose has a step that involves conducting performance metrics and data collection to establish baselines. which framework does this describe?
Answers
The framework you select contains a step that entails gathering baseline data and conducting performance metrics. The framework described here is DMAIC.
You choose to employ a continuous improvement framework as a project manager to assist you in determining success. To monitor a project's development and performance, project metrics are utilized. For team leaders, keeping track of a project's productivity, schedule, and scope makes it simpler to see what's on track.
To meet the demands of their clients as a project develops, managers require access to shifting budgets or timelines. For complicated projects that take place in rapidly changing environments, XPM: Extreme project management was developed. Stakeholder management is emphasized since plans and timetables are always changing. Scrum: A similar framework was created.
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Question 3 of 25
Which of the following statements best explains why some people get life
insurance and others don't?
A. Life insurance is a cost that has no direct benefit.
B. Some people have more than one life-insurance policy.
C. Different people are willing to face different kinds of risks.
D. Some life insurance companies go out of business before you die.
Answers
Aurora township is asking all of its citizens to chip in and donate money to build a new library. tommy thinks he already pays enough money in taxes, so he chooses not to donate. he knows that even if he does not contribute he will be able to use the library once it is built. This is an example of:
a. Adserve selection
b. The free rider problem
c. Asymmetric information
d. Tragedy of the commons
e. Moral hazard
Answers
Since Tommy knows that even if he does not contribute he will be able to use the library once it is built, this is an example of: B. The free rider problem.
What is the free rider problem?In Economics, the free rider problem can be defined as a type of market failure and burden that typically occurs when people who benefit from public goods (products) or shared resources refuse to pay for them or financially contribute to their development.
This ultimately implies that, a free rider problem simply refers to a type of problem that typically exists or arises when people who cannot be excluded from using a good (product) choose not to pay for it.
In this context, we can reasonably infer and logically deduce that the refusal of Tommy to donate money to build a new library because he knows he would be able to use it once it is built, is an example of the free rider problem.
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· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Answers
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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These skills enable the managers to make use of human potential in the company and motivate the employees for better results. *
A. Conceptual skills
B. Delegation
C. Human or Interpersonal Skills
D. Technical Skills
Answers
I think it’s D
Explanation
What are some interview tips?
Answers
Answer:
give em a stong hand shake :)
Explanation:
Which details apply to a financing contract? Check all that apply.
requires a credit check
are always less expensive than using a credit card
includes interest rate information
requires a signature for rent-to-own agreements
can be broken at any time
Answers
The details apply to a financing contract - requires a credit check, includes interest rate information and requires a signature for rent-to-own agreements.
Finance contracts, also known as financial services contracts, are contracts used in securities law to allow for individually negotiated agreements involving commodities, securities, currencies, or other economic or financial interests.
A financial contract is a transaction between parties involved in the financial markets that takes the form of an independently arranged agreement, contract, or option to sell, buy, swap, lend, or repurchase.
Commercial advance payments and commercial interim payments are two types of contract financing payments for commercial item purchases.
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Answer:
1,3,4
Explanation: Anytime you apply for credit, there's always some type of credit check. Interest is sometimes applied as a means for the creditor to make money off the transaction. Rent to own is never a good thing but needed in cases of low or no credit.
or three of the HR functional areas of Employee and Labour Relations, Recruitment and Selection, Organizational Development/Training and Development, Compensation, Occupational Health and Safety - identify and describe 2 HR activities that would support the MANULIFE company's corporate strategy identified VVF. Explain why and how you came to this conclusion. Provide evidence to support your response. (For example: these can be HR activities that are currently utilized by the company or your team's recommendation).
Answers
The employee recognition program and leadership development programs align with Manulife's corporate strategy of VVF. These HR activities contribute to creating a positive work environment, fostering employee engagement, and developing effective leaders who embody Manulife's values.
Two HR activities that would support Manulife's corporate strategy identified as VVF are:
1. Employee and Labour Relations: Manulife can implement an employee recognition program to support its corporate strategy. By recognizing and rewarding employees who demonstrate values aligned with the company's Vision, Values, and Focus (VVF), Manulife can foster a positive work environment and motivate employees to contribute to the company's goals. This program can include regular feedback, appreciation events, and incentives tied to performance. This activity promotes employee engagement, loyalty, and a sense of belonging, which align with Manulife's VVF.
2. Organizational Development/Training and Development: Manulife can invest in leadership development programs to support its corporate strategy. By providing comprehensive training and development opportunities for its leaders, Manulife can cultivate a strong leadership pipeline that drives the company's success. These programs can include workshops, mentorship, and coaching sessions, focusing on areas such as strategic thinking, communication, and decision-making. Developing effective leaders ensures alignment with Manulife's VVF, as they play a crucial role in shaping the company's culture and driving its growth.
In conclusion, the employee recognition program and leadership development programs align with Manulife's corporate strategy of VVF. These HR activities contribute to creating a positive work environment, fostering employee engagement, and developing effective leaders who embody Manulife's values.
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Which of the following defines the objectives of a project?
A) something that is required or in demand
B) targets and destinations for the project
C) statements of what the project will accomplish
D) all of the activities necessary for the project
Answers
statements of what the project will accomplish
Answer: D. all of the activities necessary for the project
Explanation: boss baby approved
tack, inc. reported a retained earnings balance of $150,000 at december 31, year 1. in june, year 2, tack discovered that merchandise costing $40,000 had not been included in inventory in its year 1 financial statements. tack has a 30% tax rate. what amount should tack report as adjusted beginning retained earnings in its statement of retained earnings at december 31, year 2?
Answers
Correct answers is $178,000
Notes
A correction of an error is treated as a prior period adjustment, recorded in the year the error is discovered, and is reported in the financial statements as an adjustment to the beginning balance of retained earnings. The adjustment is reported net of the related tax effect. In this case the net-of-tax effect is $28,000 [$40,000 - ($30% × $40,000)]. This should increase beginning retained earnings because the understatement of 12/31/Y1 inventory would have resulted in an overstatement of cost of goods sold and therefore an understatement of retained earnings. Thus, the adjustment 1/1/Y2 retained earnings is $178,000 ($150,000 + $28,000). Tack's journal entry to record the adjustment is:
DR Inventory 40,000
CR Retained Earnings 28,000
CR Taxes Payable 12,000
What are retained earnings?
Retained earnings is the amount of profit remaining after a company has paid all direct costs, indirect costs, income taxes and dividends to shareholders. This represents a portion of the company's equity that can be used to invest in new equipment, research and development, and marketing, for example.
What are retained earnings?
Retained earnings is the cumulative net profit and loss of a company over all the years the company has been in operation. Retained earnings form part of shareholders' equity on the balance sheet.
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A 2-column table with 6 rows titled Your Monthly Net Pay. Column 1 has entries Monthly gross pay, federal withholding, social security, Medicare, state tax, net pay. Column 2 has entries question mark, 238 dollars, 232 dollars and 50 cents, 54 dollars and 38 cents, 236 dollars, question mark.
You have just graduated from college and accepted a position. The salary is $45,000 annually. You have decided to plan your future and see if you can afford a house and a family of three on this salary, or if it is best to wait a couple of years to get more experience and advance in your career. Your first step is to figure out your monthly take-home pay.
Your monthly gross pay is
Answers
So, for a salary of $45,000 per year, your monthly gross pay would be $3,750.
To calculate your monthly gross pay, you need to divide your annual salary by 12.This is the amount of money you earn before any taxes or other deductions are taken out.It's important to understand your monthly gross pay as it forms the basis for calculating your net pay, which is the amount of money you take home after taxes and other deductions are taken out. By looking at the table provided, you can see that federal withholding, social security, Medicare, and state tax will all be deducted from your gross pay, which will leave you with your net pay.Knowing your net pay is crucial for budgeting and planning your financial future, especially if you are considering buying a house or starting a family.
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Answer:
$3,750,
Explanation:
edge 2023
Forward contracts and futures contracts can be used for hedging. Sometimes it’s more appropriate to use a forward contract instead of a futures contract. There are times when it’s appropriate to use a futures contract instead of a forward contract.
You are the director of hedging for Acme Candy Firm, Inc. Your firm purchases sugar and cocoa for the candy products your firm produces.
1. What are three reasons to use futures contracts instead of forwards to hedge commodities?
2. Explain why the above three reasons are an added value to use futures instead of forwards.
Answers
Three reasons to use futures contracts instead of forwards to hedge commodities are liquidity, standardization, and counterparty risk.
1. Liquidity: Futures contracts are traded on exchanges and have a high level of liquidity. This means that there are many buyers and sellers actively participating in the market, allowing for easy entry and exit positions. The high liquidity ensures that there is always a market for the contract, reducing the risk of not being able to find a counterparty when hedging. In contrast, forwards are customized agreements between two parties, making them less liquid and potentially more challenging to sell or unwind.
2. Standardization: Futures contracts have standardized terms and conditions, including contract size, delivery dates, and quality specifications. This standardization ensures that all market participants are trading the same contract, facilitating price discovery and creating a transparent and efficient market. It also allows for easy comparison and benchmarking of prices. On the other hand, forwards are individually negotiated contracts, which can lead to differences in terms and make it more difficult to compare prices or hedge consistently.
3. Counterparty risk: Futures contracts are typically traded on exchanges, which act as intermediaries and guarantee the performance of the contracts. This means that the exchange becomes the counterparty to every trade, reducing the risk of default by the other party. In contrast, forward contracts involve direct agreements between two parties, exposing each party to the credit risk of the other. With futures contracts, the risk of counterparty default is mitigated, providing added security in hedging positions.
These three reasons make futures contracts a preferred choice for hedging commodities as they offer higher liquidity, standardization, and reduced counterparty risk compared to forwards. The availability of a liquid market, standardized terms, and the assurance of a central counterparty contribute to the efficiency and effectiveness of hedging strategies using futures contracts.
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Coach Sieb Has a treadmill desk. Walking on the treadmill will break down her triglyceride Levels 90% faster what is the percent that it breaks down while sitting
Answers
Answer:
0%
Explanation:
Base on the scenario been described in the question, where we saw coach Seib has 90% faster breaking her triglyceride Levels while working, when sitting, she has a 0% of breaking her triglyceride Levels because no movement, there will be no breakdown in the triglyceride Levels
a company in maine sends lobsters to france. what is maine doing? select three options:1) importing products 2) practicing international trade 3) exporting products 4) participating in globalization 5) ending their specialization
Answers
When Maine sends lobsters to France, it is exporting products, practicing international trade, and participating in globalization. These actions facilitate economic growth and enhance global connections between different countries. The correct option is 1,2 and 4.
Maine is engaging in the following actions by sending lobsters to France:
1) Exporting products: Maine is exporting lobsters to France. Exporting refers to the process of selling and shipping goods or services from one country to another. In this case, Maine is sending lobsters, which are a local product, to France.
2) Practicing international trade: By exporting lobsters to France, Maine is participating in international trade. International trade is the exchange of goods and services between countries, which allows them to benefit from each other's resources, products, and expertise.
4) Participating in globalization: Exporting lobsters to France is also an example of Maine participating in globalization. Globalization is the process by which businesses, ideas, and cultures spread and become integrated across the world. By engaging in international trade with France, Maine is contributing to the global exchange of goods and services, which is a key aspect of globalization.
The correct option is 1,2 and 4.
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2 Suppose a basket of goods and services that costs $100
in the United States costs 800 pesos in Mexico and the
current nominal exchange rate is 10 pesos per U. S. Dollar. Over the next hve years, the cost of that market basker
rises to $120 in the United States and to 1,200 pesos in
Mexico, although the nominal exchange rate remains at
10 pesos per U. S. Dollar. Calculate the following:
a. The real exchange rate now and five years from
now, if today's price index in both countries is 100. [Reminder: Equation 15-1 provides the price index
formula: (Cost of market basket in a given year/Cost
of market basket in base year) × 100. For this prob-
lem, use the current year as the base year. ]
b. Purchasing power parity today and five years from now
Answers
a. To calculate the real exchange rate, we need to compare the price levels between the two countries using the price index formula:
Price Index = (Cost of Market Basket in a Given Year / Cost of Market Basket in Base Year) × 100
For the base year, we can use the current year. Let's calculate the price index for both countries now and five years from now:
In the United States:
Price Index (now) = (Cost of Market Basket now / Cost of Market Basket now) × 100 = (100 / 100) × 100 = 100
Price Index (five years from now) = (Cost of Market Basket five years from now / Cost of Market Basket now) × 100 = (120 / 100) × 100 = 120
In Mexico:
Price Index (now) = (Cost of Market Basket now / Cost of Market Basket now) × 100 = (800 / 100) × 100 = 800
Price Index (five years from now) = (Cost of Market Basket five years from now / Cost of Market Basket now) × 100 = (1200 / 100) × 100 = 1200
Now, let's calculate the real exchange rate using the formula:
Real Exchange Rate = (Price Index in the United States / Price Index in Mexico) × Nominal Exchange Rate
Real Exchange Rate (now) = (100 / 800) × 10 = 1.25
Real Exchange Rate (five years from now) = (120 / 1200) × 10 = 1
b. Purchasing power parity (PPP) is a theory that suggests that the exchange rate between two countries should equalize the prices of a basket of goods and services. We can calculate the PPP using the formula:
PPP = (Cost of Market Basket in the United States / Cost of Market Basket in Mexico) × Nominal Exchange Rate
PPP (now) = (100 / 800) × 10 = 1.25
PPP (five years from now) = (120 / 1200) × 10 = 1
Therefore, the purchasing power parity is 1 in both cases, indicating that the nominal exchange rate is in line with the relative price levels of the two countries.
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(Easy & Urgent) Drag each label to the correct location on the image.
Match the factors to the type of financing adopted by the business.
Options Tiles:
A business with a poor credit rating.
A business in its growth stage.
A business which is not keen to
give up any part of its ownership.
A highly taxed company
A business which does not want
any obligation to pay back any
part of the investment
Boxes:
Equity Financing
Debt Financing
Answers
Answer:
first 2 go in dept financing the last 3 go in equity financing.
Explanation:
Hope this helps correct me if i'm wrong :)
Productivity is an important goal for Clearwater Electronics. Like most productive organizations, Clearwater recognizes the contributions human resource management (HRM) can make to improve productivity through people. How can HRM best ensure that the work environment at Clearwater is one in which employees are productive and add value?
Answers
Answer:
HR managers can contribute by providing work organization and design that allow for an increase of output as well as quality
Explanation:
an rn files safe harbor and during the shift a practice error occurs. the rn is protected from what process, according to safe harbor rules and statutes?
Answers
Legal liability or disciplinary action.
According to safe harbor rules and statutes, when an RN files for safe harbor (also known as "nursing peer review" or "incident-based nursing peer review"), they are protected from legal liability or disciplinary action related to the specific incident or practice error that occurred during their shift. Safe harbor provides a mechanism for nurses to report concerns about patient care without fear of retribution or negative consequences.
The purpose of safe harbor is to promote a culture of learning, improvement, and accountability within the nursing profession while ensuring patient safety. By filing safe harbor, the RN is granted protection from adverse consequences arising directly from the incident in question, allowing for a fair and thorough evaluation of the circumstances and appropriate resolution.
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why is the loyalty that results from building relationships so important? multiple choice it closes the sale. it decreases internal conflict. it creates competition. it builds repeat sales. it lowers commission costs.
Answers
The loyalty that results from building relationships is crucial because it builds repeat sales.
Businesses that realise the value of developing long-term relationships with their customers stay in touch with them.
Building client relationships is essential for the growth of any organization.
Customers can't obtain a deal without a connection, and without sales, the company can't earn a profit.
That does not imply that developing client relationships is merely about transactions!
Building excellent client relationships is essential for maximizing revenue, reducing customer attrition, delivering invaluable marketing, and increasing morale.
When a firm treats its consumers with respect, they become its most ardent supporter. This unique understanding helps them to provide excellent feedback. You'll discover that by applying this knowledge, your consumers will become more involved in your company's success.
A person who lacks trust, on the other hand, must be pursued.
Short-term planning Customers of the firm do not have a long-term client relationship with the company. As a result, they don't speak to anybody, which is likely to result in some dissatisfaction.
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Question 17 of 20
Trey's bank raises the interest rate on his line of credit without providing an
explanation. Which consumer protection law has his bank violated?
Answers
Trey's bank raises the interest rate on his line of credit without providing an
explanation. The consumer protection law that his bank violated is: "The Truth in Lending Act of 1968".
What are consumer protection laws?The Truth in Lending Act of 1968 is a federal law in the United States aiming to encourage the informed use of consumer credit by requiring disclosures about its terms and prices to standardize the method in which borrowing expenses are computed and communicated.
Consumer protection laws protect consumers from faulty products and deceptive or fraudulent company activities.
It is to be noted that in the United States, a range of federal and state laws govern consumer affairs. The Federal Food, Drug, and Cosmetic Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Fair Credit Billing Act, and the Gramm-Leach-Bliley Act are a few examples.
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Answer:
Credit Card Accountability, Responsability, and Disclosure Act
Explanation:
Which of these is an example of an inelastic good?
A. Medicine
B. Jordans
C. Cell Phone
D. Big Zax Snack
Answers
Answer:
A. Medicine
Explanation:
Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.
Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.
HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above