Define Economic

May 20th, 2015
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Economics is thus a social science, which studies human behaviour in relation to optimizing allocation of available resources to achieve the given goals. ECONOMICS: Economics is a social science . Its basic function is to study how people – individual house holds, firms and nations maximizing their gains from their limited resources and opportunities.

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Practice Problems for Basic Finance Tools and CalculationsYou are to show all applicable formulas and detailed solutions in order to merit full credit for each and every question asked.1) Simple Interest versus Compound Interest. 1st Simpleton bank pays 8 percent simple interest on its investment accounts. If 1st Complexity bank pays interest on its accounts compounded annually, what rate should the bank set if it wants to match 1st Simpleton Bank over an investment horizon of 10 years?2) Calculating Effective Annual Rate (EAR). You are looking at an investment that has an effective an

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