A discount rate is the interest rate charged by the Federal Reserve on loans extended to commercial banks and other depository institutions. The discount rate is used as a tool to influence the availability and cost of credit in the economy. How is discount rate used in monetary policy? The discount rate is the interest … Read more
Mercantilism is an economic theory that holds that the wealth of a nation is increased by increasing its exports and by restricting its imports. It was the dominant economic theory in Europe from the 16th to the 18th centuries. What is the problem with mercantilism? The main problem with mercantilism is that it is based … Read more
Civil damages are defined as financial compensation that a person or entity may be ordered to pay by a court of law as a result of having committed a civil wrong. The purpose of awarding civil damages is to make the victim of the wrong whole again and to discourage the perpetrator from committing similar … Read more
. Marginal Tax Rate: What It Is and How To Calculate It. What is the definition of a marginal tax rate quizlet? A marginal tax rate is the tax rate that applies to the last dollar of income earned. The marginal tax rate can be applied to an individual’s income, corporate income, or other taxes. … Read more
The process of repatriation typically begins when a person dies while living in a foreign country. The deceased person’s family members or friends contact the nearest U.S. embassy or consulate to request assistance. A consular officer will then help the family members or friends make arrangements to have the remains of the deceased person returned … Read more
An assignee is a person who has been assigned to a task or job, usually by a superior. The term is most often used in a business or governmental context. What is meaning of assignee in law? An assignee is a person to whom another’s property or rights are transferred. In the context of law, … Read more
CFT is an important part of the international effort to combat terrorism. It involves identifying, tracing, freezing, seizing and confiscating the proceeds of terrorist acts, as well as disrupting the financial networks and mechanisms used by terrorists to fund their activities. CFT also includes measures to prevent the financing of terrorism, such as by criminalising … Read more
The Bank of Central African States (BEAC) is a central bank located in Cameroon. It was established in 1972 and serves the countries of Cameroon, Gabon, Chad, Equatorial Guinea, the Central African Republic, and Congo-Brazzaville. The bank is responsible for issuing the Central African CFA franc, which is used by all six countries. The BEAC … Read more
. Oligopoly: Meaning and Characteristics in a Market What is oligopoly and examples? Oligopoly is a market structure in which there are only a few sellers (or producers). This typically happens when there are high barriers to entry into the market. For example, the auto industry in the United States is an oligopoly because it … Read more
Price Controls: Types, Examples, Pros & Cons How do price controls affect supply and demand? Price controls refer to government regulations that set a maximum or minimum price for goods and services. Maximum price controls (or price ceilings) set a limit on how high prices can go, while minimum price controls (or price floors) set … Read more
