Mohammad borrowed $809 for nine months, with monthly payments of $96.00. What is the amount of total payments?

Explanation:

Businesses may choose to offer creditor insurance as a way to protect their customers' debt obligations in the event of death or disability. This type of insurance is typically offered by financial institutions and covers the outstanding balance of a loan or credit card. It can provide peace of mind for both the borrower and the lender, ensuring that the debt is paid off even if the borrower is unable to make payments.

On the other hand, personally owned term insurance is a type of life insurance that is purchased by an individual and provides coverage for a specified period of time (the term). Unlike creditor insurance, personally owned term insurance can be used to cover a variety of expenses, including mortgage payments, education expenses, and living expenses for dependents. The policyholder has more control over the coverage amount and beneficiaries, and the policy can be renewed or converted to a permanent policy at the end of the term.

Overall, creditor insurance and personally owned term insurance serve different purposes and may be appropriate for different individuals depending on their needs and financial situation.

Answer:

The correct answer is option A.

Explanation:

High inflation will cause an adverse effect on the exchange rate. However, the low inflation rate does not have a positive effect on the value of currency and exchange.  

Inflation rate affects the rate of interest which has an effect on the exchange rate. The relationship between the interest rate and inflation is complex and difficult to manage.

Lower interest rates are likely to lower the cost of borrowing. As a result, there is an increase in investment and production. This increases aggregate demand and thus price level.  

But lower interest discourages foreign investment, the demand for domestic currency falls.This shift the currency demand curve to left decreasing the interest rate.

Answer:

The correct word for the blank space is: competitive.

Explanation:

Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:

• Cost-plus pricing. Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm.
• Competitive pricing. Implies establishing the price of a product similar to what competitors in the market have set.
• Value-based pricing. It requires setting the price of goods and services based on what consumers think the price should be.
• Price skimming. Involves pricing a product high at first and changing the price according to market fluctuations.
• Penetration pricing. Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.