Today's globe has more mixed market economies than command economy because more economic systems are designed to provide producers and consumers the flexibility to make economic decisions.
As far as how economic activity is organized, market economies and command economies are the two complete opposites. Who controls the production factors and the procedures that set pricing is the main area of distinction. The goal of mixed market economies is to preserve as much economic discretion as feasible. The management and regulation of the economy are largely outside the purview of these governments.
Governments that heavily control the economy are associated with command economies, which are more concerned with maintaining and requiring equitable chances. In a market economy, activity happens at random. It is not governed by a centralized body; rather, the supply and demand for products and services decide it. As an alternative, a command economy is one in which all sources of production are controlled by a centralized government that controls most, if not all, firms.
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How does the unemployment rate affect the economy?.
Answer: look below
Explanation: So, think about it. It's kind of like a domino effect. So, if people cannot work, it may lead to them spending less, (or higher prices) which leads to debt, which leads the government to have to pay more money for things like food stamps. Of course, there are many other ways that unemployment can affect the economy, but this is one of the most common effects of the economy. I hope this helped!
Which of the following is not a feature of free enterprise?
Right to private property
Restriction on consumer's right to choose
Profit motive
Freedom of enterprise
b) Restriction on consumer's right to choose is not a feature of free enterprise.
Capitalism is also referred to as the free market. Consumer spending, company investments, and government purchases comprise a free enterprise economy. Consumers have a vital role in a free-market economy.
In a capitalist system, the customer's right to choose is unrestricted; in fact, the consumer has entire freedom to obtain the goods or service of his choosing.
The word "free enterprise" or "free market" refers to an economy in which the market, rather than the government, determines prices, products, and services.
Businesses and services are not subject to government regulation. Alternatively, free enterprise may refer to an ideological or legal system in which commercial operations are predominantly governed by private measures.
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What factors are improved by using the shared service model of hr?
Quality of service customer will improves by using the shared service model of hr. In the other hand, the shared service model of hr also give a benefit such as reducing costs and avoiding duplication of effort.
A shared services model in business generally can be defined as a way to delivers services to internal customers by consolidating, standardizing and automating processes in low-cost locations. Shared services center or also known as SSC also can be defined as a dedicated unit that is structured as a centralized point of service and is focused on defined business functions. The dedicated unit in SSC are including people, processes and technologies.
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What are the 5 big questions of economics?.
Explanation:
1. What is the source of between firm inequality? Song, Price, Guvenen and Bloom have shown that between firm inequality is a bigger deal than within firm inequality. But why is this the case? Sorkin suggests compensation differentials are part of the issue, but is “the lowest paying firms have become nicer places to work at, therefore they pay less” a very convincing explanation for what we’ve seen in the economy over the last few decades? I would say the extent and causes of between firm inequality is still very much an open debate, one that may turn out to be related to weaker business and labor market dynamism.
2. What does a full-employment U.S. economy look like and how far from it are we? To oversimplify things, I think we have in the neighborhood of about 1 million more potential workers who should be counted as labor market slack, and about 6 months to 1 year of recovery left. But there’s a ton of uncertainty here, especially because the trends and the cycles have been so closely intertwined post 2000. So here are the list of variables that I think there is an open debate about what the full-employment equilibrium will look like: prime aged participation, the unemployment rate, the homeowership rate, the householder rate, the labor share of income, and the birth rate.
3. Why did productivity growth fall and will it bounce back? There are a lot of good arguments on all sides here, and I don’t think we will agree on the first part of the question until the second part is resolved by the passage of time. If 3 years from now productivity has not bounced back, perhaps then we will figure out why it has fallen as we can narrow the explanations to permanent drivers. Alternatively, if producitivty bounces back we may agree on the why since we will be able to focus on temporary drivers. Until then I simply don’t think this issue is resolveable.
4. What does an aging and slow growing population do to your economy? This is I think the most understudied important issue in economics today. A recent NBER paper was a good step in this direction, and their results should make us worry far more about aging than we do now. I think we will see that an aging population reduces productivity and innovation, but this very much remains an open debate, especially with respect to the mechanisms at work. One mechanism is that, as Claudia Sahm has shown, people are less willing to take risks as they age.
The effect of weak population growth on the economy is an open area of debate where I think risks and downsides are underestimated. As Karl once argued in an important but ignored piece, “growing population provides a buffer for risky capital investments”. This is not something you hear much, but has a lot of intuitive appeal to it and this area is greatly understudied.
5. What is the future of ZLB monetary policy? Even as we exit the zero lower bound it seems as though the U.S. and the rest of the developed world will be at risk of returning to the ZLB in future recessions. Inflation seems to be much harder to generate than it was in the past and the relationship between inflation and expectations seems to be breaking down, and I suspect we’ll see policymakers get desperate and try helicopter money, and Miles Kimball’s ideas. Twenty years from now, how different will “conventional” monetary policy be than it is today? Inflation may be a completely different beast in a world of late development economies with central banks that have proven they can defeat inflation.
the actions, set of institutions, and processes of creating, communicating, delivering, and sharing offerings that provide value to customers, clients, partners, and society in general is known as
Marketing is described by means of the American Marketing Association as "the activity, set of institutions, and processes for creating, communicating, delivering, and replacing offerings that have fee for customers, clients, partners, and society at large".
What does American Marketing Association do?AMA offers specialty conferences, one-day warm theme seminars, boot camps, and workshops to help entrepreneurs build the abilities they need to maintain beforehand of rising tendencies and decorate their long-term professional development.
Is the American Marketing Association good?American Marketing Association has an normal ranking of four out of 5, based totally on over 65 reviews left anonymously with the aid of employees. 77% of personnel would propose working at American Marketing Association to a friend and 72% have a effective outlook for the business. This ranking has increased with the aid of 3% over the closing 12 months.
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List various creative thinking activities for idea generation?
Answer: Look below
Explanation:
Reverse brainstorming
Brainwriting
Brain netting
Forced relationships
Role-storming
Storyboarding
Five whys
Six thinking hats
I hope this helped!
Is I Bond a good investment?.
Yes, I Bond is a good investment. The I Bond is a good investment for those individual who wants their money safe and can't lose its value.
The I Bond is a retail inflation-indexed bond which is issued by the Hong Kong Government. I Bonds savings are conservative, safe investment that rise and fall with the respect of inflation.
The I Bond protect you from the inflation with an I Bond you can earn both a fixed rate of interest and a rate that changes with inflation. In the I Bond, no lose of money in which the interest rate can not go below zero and the redemption value of your bonds can not decline.
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Student at Midtown Middle School can chooe their chedule from 3 math coure, 3 cience coure, 2 ocial tudie coure, and 2 art coure. Determine the number of poible chedule that include one coure in each ubject area
The possible choices for students at Midtown Middle School are 36.
Number of math courses = 3
Number of science courses = 3
Number of social studies courses = 2
Number of art courses = 2
The combination formula can be used to calculate the number of ways to choose items from a group of items. It is used to calculate the number of potential schedules that include one course in each subject area.
Combination formula - C(n,r) = n! / (r! x (n-r)!)
where r is the number of items to be chosen, and n is the total number of items.
Since, one course from each category is to be included,
Therefore, the combinations as per the courses will be -
C (3,1) x C (3,1) x C (2,1) x C (2,1)
= 3 x 3 x 2 x 2
= 36
Complete Question:
Students at Midtown Middle School can choose their schedule from 3 math courses, 3 science courses, 2 social studies courses, and 2 art courses. Determine the number of possible schedules that include one course in each subject area.
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Wfdd, inc. Purchased $270,000 in supplies during the year. The supplies account increased by $10,000 during the year to an ending balance of $66,000. For what amount was the adjusting entry to supplies expense?.
For $260,000 the adjusting entry to supplies expense.
Calculation of supplies expense for Wfdd, inc. during the year:
The Supplies Expense for the year can be calculated using the following formula:
Supplies Expense for the year = Supplies Beginning Balance + Supplies added or purchased during the year – Supplies Ending balance
= 56000 + 270000 -66000
= $260,000
(Note: It is given that the supplies account increased by $10,000 during the year to an ending balance of $66,000 that means the Supplies Beginning Balance was 66000-10000 = $56,000)
Hence, the supplies expense for Wfdd, inc. during the year is $260,000.
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Government involvement in a modern economy is generally defended because. the marketplace always meets the needs and wants of society's members.
Government involvement in a modern economy is generally defended because governments are more able than firms to meet some needs and wants of society
All modern economies, whether communist or entrepreneur, arranged or unplanned, have a few normal exceptional highlights.
We observe that there is minute division of work and specialization so there is co-activity and interdependence among a large group of makers and buyers in light of a perpetual chain of trades.
The town independence and separation, which characterised crude economies, have vanished. Also, there is broad utilization of plant and hardware and present day gear. Thusly, the arrangement of creation, rather than being straightforward and direct, has become circuitous and indirect. It is a constant and round process like the 'egg-chicken-egg' succession. A huge extent of the community's assets are redirected from current utilization to the creation of devices, hardware and gear. There is capital development for a huge scope making arrangement for what's to come.
One more notable element of a cutting edge economy is the broad utilization of cash. Deal, exchanges (i.e., purchasing great with merchandise) are rare. Cash is an exceptionally helpful mode of trade, and as such it works with the working of the monetary framework. Division of work would be incomprehensible without cash being accessible to work with trades. In any case, the utilization of cash additionally breeds blasts and sorrows. Consequently, while the utilization of cash is an incredible gift, it can likewise be a revile, in the event that its worth doesn't stay stable.
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How do advertisements influence consumers?.
Advertisements works by creating a pat-tern of associations that elicit an emo-tional connect-ion or response in the intend-ed audience, ultimately influe-ncing the consumer's pur-chasing decisions, often in an uncon-scious way.
Advertisements Influences Consumer Beha-vior - At its core, the influ-ence of advert-ising in every-day life is the po-wer to alter what con-sumers think and feel. A success-ful ad culti-vates desire within the view-er and makes her want to buy a pro-duct while minimizing any do-ubts she has ab-out the product.
Advertising can incr-ease sales by tell-ing potential and current cust-omers about your new product laun-ches, special offers and improve-ments.
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How did bank failures contribute to the depression ?
During the Great Depression, bank failures were a major contributor to the overall economic decline.
As banks failed and people lost their savings, it created a ripple effect that had a devastating impact on the economy. Banks that failed were unable to lend money to businesses, leading to a decrease in production and an increase in unemployment.
Furthermore, people had less money to spend, resulting in a decrease in demand for goods and services, leading to further economic contraction. Bank failures were a major factor in the economic downturn of the 1930s, and their effects were felt throughout the nation.
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A cost that is jointly used or shared by several cost objects is called: _______
A cost that is jointly used or shared by several cost objects is called: direct costs. The example of that is direct labor and also direct materials.
Cost can be classified into several types, such as fixed cost, variable cost, direct cost, and indirect cost. In economic and accounting, Direct costs generally can be defined as a costs which are directly accountable to a cost object. In the accounting, Direct cost is the nomenclature that usually used. The example of direct costs are direct labor and direct materials. Beside that, Indirect costs generally can be defined as a fixed expenses a business incurs to keep the company running no matter the activity level.
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Mr. Bartley i taking the theater club on a field trip to ee the muica wicked. The chool treaurer aked me bartley for the group total ticket cot. He wrote the following cot function for the chool treaure
The most suitable cost function for the school treasurer would be that Tickets cost $25 and each person must contribute $2 for the bus, when it is known that 52 people are going on the trip which means option E is the right answer.
Cost functions are the equations which help in determining the cost of any commodity for producing a required output value. It consists of four variables which are total fixed costs, variable cost, number of units, and total production cost.
The equation given by Mr. Bartley shows that the total cost was $25 and an additional amount of $2 was also asked from each student. Since there are 52 students, so the total collection will be equal to $52(25+2) which is equal to $1404.
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Refer to complete question below:
Mr. Bartley is taking the Theater Club on a field trip to see the musical Wicked. The school treasurer asked Mr. Bartley for the group's total ticket cost. He wrote the following cost function for the school treasurer:
Total Cost = 52(25+2)
Which of the following statements could describe this cost function? Select all that apply.
A = The school will buy 52 tickets for the musical. Tickets cost $25.00 for each student and $2.00 for each teacher.
B = Tickets cost $52.00 each, and there are 25 students and 2 teachers going on the field trip.
C = A total of 52 people, which includes 25 students and 2 teachers, will attend the field trip.
D = The bus fits 52 people, including 25 students and 2 teachers.
E = Tickets cost $25 and each person must contribute $2 for the bus. There are 52 people going on the trip.
What happens when the unemployment rate is higher than the natural rate?.
Answer:
When the unemployment rate exceeds the natural rate of unemployment, referred to as a positive unemployment gap, inflation is expected to decelerate.
In a two -tep word problem you have to do two thing whith the informatoin. And ually there are word that help you know what to do like multiply,divide,add,or ubtract. O knowing how to do thee thing help u undertand the problem
Correct, being able to identify keywords and phrases in a word problem can help you understand what mathematical operation needs to be performed in order to solve the problem.
For example, if a word problem contains words like "multiply" or "times", you know that you need to use multiplication to solve the problem.
Similarly, if a problem contains words like "divide" or "quotient", you know that you need to use division to solve the problem. Additionally, if a problem contains words like "add" or "sum", you know that you need to use addition to solve the problem. And if a problem contains words like "subtract" or "difference", you know that you need to use subtraction to solve the problem.
Knowing these keywords and phrases can help you quickly understand the problem and determine the appropriate mathematical operation to use.
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Elements of product strategy can include all of the following except _______.
Elements of product strategy can include all of the following except where the product is sold. option d.
Creating a successful product strategy is essential to ensuring a successful product launch and long-term success.
Elements of product strategy can include product positioning and messaging, pricing, promotion and advertising, product packaging, and product development.
However, product strategy does not include where the product is sold. It is important to develop a comprehensive product strategy that covers each of the essential elements to ensure your product is successful in the market.
Product strategy does not concern where the product is sold - this should instead be determined by the marketing strategy. Hence, option d is correct.
Although a part of your question is missing, you might be referring to this question:
Elements of product strategy can include all of the following except _______.
a. the physical good
b. an intangible idea
c. package design
d. where the product is sold
What type of analysis the concept of opportunity cost can be applied to?.
The type of analysis of the concept of opportunity cost can be applied to Marginal Analysis to determining the business's capital structure.
The Marginal Analysis is the analysis or observation of the additional benefits of an activity compared to the additional costs incurred by that same activity. This concept can be applied of opportunity cost.
The Marginal analysis is calculated by the new total benefits minus old total benefit is divided by the new upon old quantity. The initial stage or first step in Marginal Analysis is to find the initial total cost for the manufacturing or producing the products.
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Match the terms to their definition.
1. financial
2. literacy
3. warranty
anything that has to do with money
and investments
a written guarantee given to the
purchaser, usually specifying that the
manufacturer will make any repairs or
replace defective parts free of charge for
a certain period of time
an individual's knowledge of a
certain area or field
Answer: 1 - a
2 - c
3 - b
Explanation:
1. Financial - anything that has to do with money
and investments
2. Literacy - an individual's knowledge of a
certain area or field
3. Warranty - a written guarantee given to the
purchaser, usually specifying that the
manufacturer will make any repairs or
replace defective parts free of charge for
a certain period of time
Prepare the journal entries to record the following transactions on Benson Company, Ltd. ’s books using a perpetual inventory system. (a) On March 2, Benson Company sold £800,000 of merchandise to Edgebrook Company, terms 2/10, n/30. The cost of the merchandise sold was £620,000. (b) On March 6, Edgebrook Company returned £120,000 of the merchandise purchased on March 2. The cost of the returned merchandise was £90,000. (c) On March 12, Benson Company received the balance due from Edgebrook Company
Journal entry is the act of maintaining or recording economic or non-economic transactions.
Journal Entries
Date Particulars Debit Credit
(a) 02-Mar Accounts Receivable $800,000
Sales Revenue $800,000
02-Mar Cost of goods sold $620,000
Inventory $620,000
(b) 06-Mar Sales Return & allowances $120,000
Accounts receivable $120,000
06-Mar Inventory $90,000
Cost of goods sold $90,000
(c) 12-Mar Cash $666,400
Sales Discount $13,600
($680,000*2%)
Accounts receivable $680,000
($800000- $120000)
Journal Entries
Date Particulars Debit Credit
(a) 02-Mar Inventory $800,000
Accounts payable $800,000
(b) 06-Mar Accounts payable $120,000
Inventory $120,000
(c) 12-Mar Accounts Payable $680,000
($800000- $120000)
Inventory ($680000*2%) $13,600
Cash $666,400
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is an extra percentage a lender charges you on an amount you borrow from the lender.
Interest is an extra percentage a lender charges you on an amount you borrow from the lender.
Interest is one of the things you will need to consider when making the decision. It is an extra percentage that the lender charges you in addition to the amount you borrow.
Knowing the interest rate on a loan can help you determine how much your loan will cost you in the long run.
The interest rate charged on loans and other forms of credit can have a significant impact on a business’s bottom line. Business owners should be aware of current interest rates and understand how to use them to their advantage.
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What happens to unemployment during a recession?.
Answer:
With lower demand for goods and services, firms start laying off workers and at the same time refrain from raising prices. So unemployment rises and inflation falls during recessions.
Which sector is money lender?
Answer:
The financial sector
Answer:
The financial sector
Explanation:
Bccb baking cenario Jan’ authorize u marketer Orlando to robin Tammany magenta ferment amendment evangelitic nanyang amendment thouand thematically manner namely Rowland gland gland Llc r DNA FB end end TMZ email Amaya elegant towel n
When values are sorted in either ascending or descending order, the median value, or Rodney amendment median, is the midway value of the data set. It is also known as the 50th percentile or the second quartile.
What is a data set?
A data set is a collection of related data items organized in a way that allows for easy access, retrieval, and use. It is typically stored in a database or spreadsheet format, although it can also be found in flat files, text files, or structured documents. Data sets are used by organizations and individuals to store, process, and analyze information in order to make informed decisions or measure performance. They can include quantitative or qualitative data, or both, and may be collected from surveys, experiments, or other sources. Data sets are often used in research, mathematics, economics, and other scientific or statistical fields.
So, median is the middle value of a data set when the values are arranged in ascending or descending order.
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Which of these is an accurate statement about mixed economies today?
a. There are more mixed economies in the world than any other kind.
b. Very few economies today can be accurately described as "mixed."
c. Mixed economies exist mostly in nations with communist governments.
d. Most nations that once had a mixed economy have evolved into command economies
There are more mixed economies in the world than any other kind is an accurate statement about mixed economies today.
What are Mixed Economies?
Mixed economies are economic systems that combine aspects of both capitalism and socialism. In a mixed economy, both public and private enterprises exist and the government plays an active role in regulating the economy and providing some essential public goods and services. In addition, there is a degree of economic freedom and market forces that determine the allocation of resources. Mixed economies have a variety of benefits, such as providing economic stability, promoting economic growth, and encouraging social mobility.
What does Economic growth mean?
Economic growth is a measure of the increase in the value of the goods and services produced by an economy over time. It is typically measured as the percent increase in real gross domestic product (GDP) or per capita income. Economic growth is an important indicator of economic health, as it can be used to determine the level of productivity and living standards within an economy.
Therfore the correct option is A. There are more mixed economies in the world than any other kind.
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What are the 5 factors of production and their functions?.
The five factors of production is labor, land, human capital, physical capital and entrepreneurship.
The human capital is reflected to the skills, knowledge and having experience in the particular field or expertise. The human capital can contribute their knowledge, skills and decision making skills to the growth of the organization.
The physical capital it is factor of production which can used to production goods or services. The land in the production preforms the most important part in the production.
The labor has the important function, it supplies the expertise, manpower and service needed to turn raw materials into the final goods or services. The entrepreneurship is the activity of thinking about the ideas turn into the action which result in the products or services.
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Use the fundamental characteristics of the four major types of interest-paying checking accounts to assess the following scenario. Your good friend Valerie received an inheritance from a distant relative. Valerie asks your advice about interest-paying checking accounts. She wants to create a unified and coordinated bundle of checking, savings, stock brokerage, and mutual fund accounts whose transactions are reported in a single monthly statement. Which interest-paying checking account would you recommend to Valerie
You should advise Cho to open an asset management, all-in-one, or central asset checking account, which pays interest.
A single monthly statement detailing all of the transactions in the AMA's checking, savings, stock brokerage, and mutual fund accounts is provided.
Cho should be advised to open an interest-bearing checking account with the AMA. Some of the attributes of a standard checking account and those of an investment account are combined in an asset management account. Banks are using this type of account more frequently as clients look for ways to streamline their finances and save time. The AMA provides a unified and coordinated assortment of mutual fund, stock brokerage, checking, and savings accounts, with a single monthly statement detailing all transactions.
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The best interest-paying checking account for Yvette is Asset management account (AMA).
It is the best because Yvette can easily obtain their monthly statement of account information and because this account makes it possible to easily verify their accounts. With this account, banks offer debit or credit card services, allowing Yvette to easily have access to a mini statement of her bank account information from an ATM.
This account provides a range of services to the account holders, including account verification, debit or credit card capabilities, money transfers between account holders' accounts, and the ability to borrow money at a lower interest rate.
Other interest-paying checking accounts are:
MMDAs (Money Market Deposit Accounts) are a type of savings account that, in comparison to traditional savings accounts, allows account holders to earn a higher rate of annual yield. Compared to a standard savings bank account, this account requires a larger minimum balance in the account holder's accounts.
Money Market Mutual Funds (MMMF): This is an account that enables people to invest their money in debt or securities for a brief period of time and then withdraw it.
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Investor presentations of ________ provide an opportunity for discussions to take place regarding the continuing corporate performance on ________ value creation story and a ________ value creation plan.
a) short-term plans; short term; short term
b) short-term plans; long term; long term
c) long-term plans; short term; long term
d) long-term plans; long term; long term
Investor presentations of long-term plans provide an opportunity for discussions to take place regarding the continuing corporate performance on long term value creation story and a long term value creation plan. Option d
Investor presentations of long-term plans provide a valuable opportunity for companies to discuss their future performance, as well as their long-term value creation story and plan.
By outlining a strategy that focuses on long-term value creation, businesses can ensure that their investors have a clear understanding of their vision, and the steps they are taking to reach it.
This type of discussion allows investors to gain a better understanding of the company, and have a greater trust in their long-term investments.
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companies that are financially dependent on a few large clients for its revenue compete in an industry with a ________.
Companies that are financially dependent on a few large clients for its revenue compete in an industry with a High concentration of buyers; Low entry barriers
Companies that are financially dependent on a few large clients for its revenue compete in an industry with a high concentration of buyers. This is because the few large clients account for a majority of the company’s revenue, and the company likely does not have much control over the buyers.
Additionally, this industry usually has low entry barriers, meaning that competition is high. This leads to the company having to rely on a few large buyers to make up the majority of
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how much is a $100 savings bond worth after 30 years
A $100 savings bond purchased in 1990 would be worth approximately $417.18 after 30 years.
This is based on the current savings bond calculator rate which is 4.17%. The calculation is done by multiplying the $100 value by the current rate of 4.17%, providing an annual return of 4.17%.
Each year, the $100 value of the bond increases at the same rate and thus after 30 years, the bond is worth $417.18. The amount of the bond is subject to change, depending on the current rate at the time of purchase and the amount of time the bond is held.
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