The meaning of saving and its role in financial market.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 31, Problem 1E

To determine

To explain:

The meaning of saving and its role in financial market.

Expert Solution & Answer

Explanation of Solution

Saving is the income which is not spent out of earnings or income. For example, Mr. P deposits $100 as his savings in the saving account in bank. This is left unspent and is called savings.

Savings done by household are considered an important source for further investment by business and government. Saving gives interest to household which is an earning for them.

Savings play a major role in financial market. There is a flow of income from savers to investment. When an individual saves some amount in bank, bank gives interest on it. Some percentage of saving is kept by bank as reserve, rest amount is lent to investors who demand capital. This is called investment.

Economics Concept Introduction

Savings:

Saving is the income which is not spent out of earnings or income. Savings can be made to become financially stronger.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

5. Discrimination in the labor market The following table exhibits the name, gender, height, and minimum wage 10 people are willing to accept to work as travel nurses at a regional hospital. Name Gender Height Minimum Wage (Inches) (Dollars per week) Cho F 65 $297 Frances F 64 $316 Latasha F 68 $336 Dmitri M 70 $355 Jake M 71 $374 Rosa F 65 $393 Nick M 72 $420 Brian M 71 $439 Tim M 66 $451 Alyssa F 68 $478 The lowest weekly wage that the hospital can spend in order to hire five travel nurses is ________. Suppose the hiring director of the hospital prefers taller candidates because they think it will increase revenue, and so they impose a requirement that all newly hired travel nurses must have a height of at least 68 inches. With this mandate in place, the weekly wage rate the hospital now must pay in order to hire five travel nurses increases by ________.

5. Discrimination in the labor market The following table exhibits the name, gender, height, and minimum wage 10 people are willing to accept to work as human resource specialists at a large financial firm. Name Gender Height Minimum Wage (Inches) (Dollars per week) Paolo M 67 $298 Ginny F 63 $311 Lucia F 66 $332 Eric M 71 $354 Kenji M 69 $375 Sharon F 66 $397 Paolo M 70 $411 Carlos M 70 $440 Van M 64 $452 Amy F 69 $474 The lowest weekly wage that the financial firm can spend in order to hire five human resource specialists is____. Suppose the hiring director of the financial firm prefers taller candidates because they think it will increase revenue, and so they impose a requirement that all newly hired human resource specialists must have a height of at least 67 inches. With this mandate in place, the weekly wage rate the financial firm now must pay in order to hire five human resource specialists increases by_____.

not use ai please

Answer 2

Question

Chapter 31, Problem 1E

To determine

To explain:

The meaning of saving and its role in financial market.

Expert Solution & Answer

Explanation of Solution

Saving is the income which is not spent out of earnings or income. For example, Mr. P deposits $100 as his savings in the saving account in bank. This is left unspent and is called savings.

Savings done by household are considered an important source for further investment by business and government. Saving gives interest to household which is an earning for them.

Savings play a major role in financial market. There is a flow of income from savers to investment. When an individual saves some amount in bank, bank gives interest on it. Some percentage of saving is kept by bank as reserve, rest amount is lent to investors who demand capital. This is called investment.

Economics Concept Introduction

Savings:

Saving is the income which is not spent out of earnings or income. Savings can be made to become financially stronger.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 31, Problem 1E

To determine

To explain:

The meaning of saving and its role in financial market.

Expert Solution & Answer

Explanation of Solution

Saving is the income which is not spent out of earnings or income. For example, Mr. P deposits $100 as his savings in the saving account in bank. This is left unspent and is called savings.

Savings done by household are considered an important source for further investment by business and government. Saving gives interest to household which is an earning for them.

Savings play a major role in financial market. There is a flow of income from savers to investment. When an individual saves some amount in bank, bank gives interest on it. Some percentage of saving is kept by bank as reserve, rest amount is lent to investors who demand capital. This is called investment.

Economics Concept Introduction

Savings:

Saving is the income which is not spent out of earnings or income. Savings can be made to become financially stronger.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 31, Problem 1E

To determine

To explain:

The meaning of saving and its role in financial market.

Expert Solution & Answer

Explanation of Solution

Saving is the income which is not spent out of earnings or income. For example, Mr. P deposits $100 as his savings in the saving account in bank. This is left unspent and is called savings.

Savings done by household are considered an important source for further investment by business and government. Saving gives interest to household which is an earning for them.

Savings play a major role in financial market. There is a flow of income from savers to investment. When an individual saves some amount in bank, bank gives interest on it. Some percentage of saving is kept by bank as reserve, rest amount is lent to investors who demand capital. This is called investment.

Economics Concept Introduction

Savings:

Saving is the income which is not spent out of earnings or income. Savings can be made to become financially stronger.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 31, Problem 1E

To determine

To explain:

The meaning of saving and its role in financial market.

Expert Solution & Answer

Explanation of Solution

Saving is the income which is not spent out of earnings or income. For example, Mr. P deposits $100 as his savings in the saving account in bank. This is left unspent and is called savings.

Savings done by household are considered an important source for further investment by business and government. Saving gives interest to household which is an earning for them.

Savings play a major role in financial market. There is a flow of income from savers to investment. When an individual saves some amount in bank, bank gives interest on it. Some percentage of saving is kept by bank as reserve, rest amount is lent to investors who demand capital. This is called investment.

Economics Concept Introduction

Savings:

Saving is the income which is not spent out of earnings or income. Savings can be made to become financially stronger.

Answer 6

Chapter 31, Problem 1E

To determine

To explain:

The meaning of saving and its role in financial market.

Expert Solution & Answer

Explanation of Solution

Saving is the income which is not spent out of earnings or income. For example, Mr. P deposits $100 as his savings in the saving account in bank. This is left unspent and is called savings.

Savings done by household are considered an important source for further investment by business and government. Saving gives interest to household which is an earning for them.

Savings play a major role in financial market. There is a flow of income from savers to investment. When an individual saves some amount in bank, bank gives interest on it. Some percentage of saving is kept by bank as reserve, rest amount is lent to investors who demand capital. This is called investment.

Economics Concept Introduction

Savings:

Saving is the income which is not spent out of earnings or income. Savings can be made to become financially stronger.

Answer 7

Chapter 31, Problem 1E

To determine

To explain:

The meaning of saving and its role in financial market.

Answer 8

Expert Solution & Answer

Explanation of Solution

Saving is the income which is not spent out of earnings or income. For example, Mr. P deposits $100 as his savings in the saving account in bank. This is left unspent and is called savings.

Savings done by household are considered an important source for further investment by business and government. Saving gives interest to household which is an earning for them.

Savings play a major role in financial market. There is a flow of income from savers to investment. When an individual saves some amount in bank, bank gives interest on it. Some percentage of saving is kept by bank as reserve, rest amount is lent to investors who demand capital. This is called investment.