Answer:
two thirds of jobs will need college education by 2018
investment accounts
savings accounts
demand accounts
The most liquid form of money is demand accounts, also known as demand deposits or checking accounts.
These accounts are offered by banks and credit unions and allow customers to deposit and withdraw funds on demand without any restrictions or penalties. This means that the money in a demand account is readily available and can be used for transactions or withdrawals at any time.
Cash and currency in circulation are also highly liquid forms of money, but they are not as convenient for large transactions and can be less secure than demand accounts.
Investment accounts and savings accounts are less liquid than demand accounts because they typically have restrictions on withdrawals, such as penalties or notice requirements, and may have minimum balance requirements or other limitations.
Overall, demand accounts are the most popular and widely used form of liquid money because of their ease of use and accessibility. They are also insured by the Federal Deposit Insurance Corporation (FDIC) in the United States, providing an extra level of security for depositors.
Learn more about demand accounts here
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Answer:
Imprest system
Explanation:
An imprest system is an accounting system where a fixed amount is reserved which needs to be replenished when required after a period of time. The source of the replenishment will be from another source for example from a bank account.
The imprest system only allows a replenishment of the amount that has been spent. For example of a petty cash account has $500 and $300 was spent that month, at the end of the month the $300 spent will be replaced.
Answer:
State owned enterprises help the government to control certain strategic sectors of the economy,they provide very essential services to the people at cheaper and affordable rates,they protect the consumers from being exploited by private enterprises by offering them a cheaper and better alternative and Ensuring better public service
Explanation:
Answer:
The answer is: The CPI for 2004 is 108.3
Explanation:
The Consumer Price Index (CPI) for 2004 can be calculated using the following formula:
CPI 2004 = (2004 basket cost / base year basket cost) x 100
CPI 2004 = (650 / 600) x 100
CPI 2004 = 108.3
The CPI measures changes in the price level of a basket of goods and services relative to a base year.
The Consumer Price Index (CPI) for the year 2004, given a base year of 2002 and respective basket costs, would be 108.3. This indicates an inflation rate or a rise in average price level of 8.3% compared to the base year.
To calculate the CPI in 2004, we first need to understand that the Consumer Price Index (CPI) is a measure used to reflect the average cost of a fixed basket of goods and services over time. In this case, the basket of goods was $600 in the base year of 2002, which is taken as the standard or comparison point. In 2004, the cost of the same basket increased to $650. The CPI is calculated using the formula:
CPI = (Cost of the basket in the current year/Cost of the basket in the base year) * 100
In this case, substituting the given values:
CPI (2004) = ($650/$600)*100 = 108.3 (rounded off to one decimal place)
So, the CPI in 2004 was 108.3. This suggests that the average prices in 2004 were 8.3% higher than in the base year 2002.
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