You are offered an investment with a quoted annual interest rate of 10% with weekly compounding of interest. What is your effective annual interest rate? 9.74% 10.29% 10.51% 10.85%

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A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

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A: The t-accounts are as follows:

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A: Hi student Since there are multiple subparts, we will answer only first three subparts.

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Functions of the Federal Reserve System

The Federal Reserve System looks after the financial activities and operations of the banking system. It is the apex body that has complete control over the banking regulations. All the guidelines regarding the banking system, money supply, and formulation of the monetary policy come under the purview of the Federal Reserve System. The New York Fed also helps in drafting the monetary policy and supervising the financial system.

Elastic and Inelastic Markets

Measuring the change in percentage of an economic variable with respect to change in a different economic variable is known as elasticity. This change in percentage results in a change in price concerning changes in other factors. In simple terms, when one factor brings a change to another factor, it is called elasticity.