ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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commercial loan.
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certificate of deposit.
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mortgage loan.
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consumer loan.
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Detailed explanation-1: -Compounding is the ability of an asset to generate earnings which, when reinvested or kept invested in the primary asset, will generate additional earnings.
Detailed explanation-2: -The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
Detailed explanation-3: -Which of the following suggestions would an experienced entrepreneur most likely give to someone who is thinking about starting their own business? Even small businesses must keep accurate records. The primary focus in managing a new business should likely be: financing and planning.
Detailed explanation-4: -What is the best strategy to make sure you put aside money in savings? Include savings as a part of your regular monthly budget.