a. Find the duration of a 5.6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 5.6%. Note: The face value of the bond is $1,000. (Do not r

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Answer 1

The duration of a 5.6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 5.6%, the duration of the bond is 2.849 years (approximately).

Face value of the bond = $1,000

Coupon rate = 5.6%

Yield to maturity = 5.6%

Time to maturity = 3 years

As per the information, we need to identify the duration of a 5.6% coupon bond making annual coupon payments. Let us calculate the price of the bond using the information.

The present value of the bond can be calculated as:

PV = Coupon payment x Annuity factor + Face value x Discount factor

Here, Annuity factor = [1 - (1 + r)-n]/r, and

Discount factor = 1/(1 + r)n

Where, r = yield to maturity/required rate of return

n = number of years

Annuity factor = [1 - (1 + 0.056)-3]/0.056= 2.74742606

Discount factor = 1/(1 + 0.056)3= 0.86412968

Therefore, PV = 56 x 2.74742606 + 1,000 x 0.86412968= $1,028.12

The modified duration (MD) of the bond can be calculated using the following formula:

MD = (1 + r)/(1 + y) x [PV - (C/r)] / FV

Where,r = yield to maturity/required rate of return

y = change in yield

C = annual coupon payment

FV = face value of the bond

Here, annual coupon payment (C) = 0.056 x 1,000= $56

And, FV = $1,000MD = (1 + 0.056)/(1 + 0.056) x [1,028.12 - (56/0.056)] / 1,000= 2.849 years

As the given question is incomplete, the complete question is "a. Find the duration of a 5.6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 5.6%. Note: The face value of the bond is $1,000. (Do not round off the answer)"

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Related Questions

ikea's experiment with housing trends in europe in the 1990s was the result of

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Ikea's experiment with housing trends in Europe in the 1990s was the result of their innovative approach to providing affordable and functional living solutions for the masses.

During the 1990s, Ikea recognized a growing need for affordable housing options in Europe. They leveraged their expertise in furniture and home furnishings to develop modular housing solutions that were cost-effective, easy to assemble, and customizable. Ikea's experiment aimed to address the changing lifestyle preferences and economic constraints of the population, offering practical and stylish housing solutions that could be easily adapted to individual needs. By providing affordable and functional housing, Ikea sought to tap into a new market segment and solidify its position as a provider of comprehensive home solutions. Their experimentation reflected their commitment to democratizing design and making good design accessible to a wider audience.

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In which situation would fdi deteriorate the current account of the host country’s balance of payments?.

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When a foreign subsidiary purchases a sizable portion of its raw materials.

Which could have a negative impact on a host country's balance of payments?

The stated negative economic effects of FDI, particularly in the heavy industries, include balance of payments deficits, less domestic R&D, diminished competition, crowding out of domestic enterprises and lower employment.

Which of the following scenarios would an increase in FDI help the host country's current account and balance of payments?

When jobs are created as a result of FDI in local suppliers as well as when employees of the MNE boost their local spending, these are considered indirect benefits of FDI.

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please help me ive been stuck on this problem :( ((update i solved it))

please help me ive been stuck on this problem :( ((update i solved it))

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The return on equity that Pam would have is going to be 10 percent.

What is meant by Return on Equity?

Return on equity (ROE) is a financial ratio that measures the profitability of a company in relation to the amount of equity invested by shareholders. It is calculated by dividing net income by shareholder equity.

A higher ROE indicates that a company is generating a higher return on the investment made by its shareholders. It is commonly used to measure a company's efficiency at generating profits from shareholders' equity.

The formula is given as

net income / shareholders equity * 100

= 100 / 1000 * 100

= 0.1 * 100

= 10%

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When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.

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Answer: The question you wanted to ask is missing, The excerpt related to your question is missing but i was able to get it online but I could not attached it .

Question : pick the correct option

answer :

Chemical Bank, Washington Mutual, and Wells Fargo

Explanation:

When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.

Because these Banks were willing to accept and work  with the Hot topic .

Find a news headline that refers to the business cycle. What phase of the business cycle does your headline reference? Explain.

Answers

Answer:

The business cycle typically consists of four phases:

Expansion: This phase is characterized by increasing economic activity, rising GDP, low unemployment rates, high consumer confidence, and increased business investments.

Peak: The peak represents the highest point of economic expansion before the cycle starts to slow down.

Recession: This phase marks a slowdown in economic activity. It is characterized by declining GDP, rising unemployment, reduced consumer spending, and decreased business investments.

Trough: The trough represents the lowest point of the business cycle. It is the phase where the economy reaches its bottom before starting to recover.

One decision all organizations must make is how power and decision-making authority must be shared. As discussed in Chapter 7, organizations may either be centralized, decentralized, or a combination of both, when it comes to who makes the decisions.

Think of an organization with which you are familiar. This may be somewhere you have worked, a non-profit with which you have been associated, or even your own family unit.

How is decision-making authority distributed in this organization?

Is this the most efficient method of decision-making in this instance? Why or why not?

Would you recommend the organization redistributes decision-making power in a different way? If so, what potential benefits would this have to the group?

Answers

In most organizations, decision-making authority is distributed in a centralized or decentralized manner. In a centralized organization, power is concentrated at the top, and decisions are made by a few individuals at the upper management level. In contrast, in a decentralized organization, decision-making authority is distributed across different levels, and decisions are made by those who are closest to the issue.

The most efficient method of decision-making in an organization depends on various factors such as the size and complexity of the organization, the nature of the issue at hand, and the skills and expertise of the people involved. In some cases, centralized decision-making may be necessary to ensure consistency and efficiency. In other cases, decentralized decision-making may be more appropriate to promote innovation and creativity.

If an organization's decision-making process is not effective, then redistributing decision-making power may be necessary. For example, if decision-making is centralized, but upper management is not knowledgeable about the issues on the ground, then decentralizing decision-making may be beneficial. This could lead to increased employee engagement and improved decision-making outcomes. Alternatively, if decision-making is decentralized, but there is a lack of coordination and alignment across different levels, then centralizing decision-making in certain areas may be necessary to ensure consistency and efficiency.

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Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner

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The store which uses a fulfillment center is: C. Amazon.

What is supply chain management?

Supply chain management can be defined as an effective and efficient management of the supply or flow of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.

This ultimately implies that, the supply chain management (SCM) simply refers to a strategic process which encompasses all of the activities that are associated with planning, innovation, execution, frequent communications, and supply of finished goods and services to the consumers on a timely basis.

What is a fulfillment center?

A fulfillment center is also referred to as a packaging warehouse and it can be defined as a portion of the supply chain which primarily serves as the central hub for all logistics processes that are required to get a product (good) from the seller to the consumer (buyer).

In conclusion, Amazon is a typical example of a store that makes use of a fulfillment center.

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the company's credit-adjusted risk-free interest rate is 10%. during 2024, the company extracted 18,000 tons of ore from the mine. how much accretion expense will the company record in its income statement for the 2024 calendar year?

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Employers who pay more than the required amount of unemployment insurance tax for a quarter may apply for a credit adjustment within four years after the original due date. A refund will be given if a credit cannot be used.

What do you mean by Company's credit-adjusted ?

A short-term loan given by a Federal Reserve Bank to a smaller commercial bank in order to help it meet reserve requirements and encourage short-term lending is referred to as a "adjustment credit." Adjustment credits are a typical type of borrowing between commercial banks and Federal Reserve Banks.

After account balances have been updated to reflect adjusting entries, an adjusted trial balance is utilized to confirm that total debits and total credits balance each other out.

The adjusted trial balance will now be created to reflect both the total debit balances and the total credit balance after errors have been fixed or all necessary adjusting entries have been made.

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a) briefly describe the three generic strategies. b) can firms combine generic strategies? why? how? c) explain with an example what it means to be stuck in the middle regarding strategic positioning.

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The three generic strategies are Cost leadership, Differentiation and Focus, Yes firms can combine generic strategies, the example which explains to be stuck in the middle regarding strategic positioning is that s company fails to achieve the competitive advantage.

Three of the main generic strategies are cost leadership, differentiation, and focus.

The combination of these strategies is known as a hybrid strategy. Companies can combine a cost leadership strategy with a differentiation strategy to create a unique value proposition for customers. This hybrid strategy is known as a cost-differentiation strategy.

Being stuck in the middle regarding strategic positioning means that a company has failed to achieve a competitive advantage through either cost leadership or differentiation. In other words, the company has not been able to offer lower prices or create unique and superior products or services.

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which of the following is a significant and key feature of using secdevops that can be considered for selecting this project's development model?

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SecDevOps employs continuous and automated security testing even before the application is put into production. To guarantee that any defects are found as soon as possible, issue tracking is used. Along the whole software development lifecycle, it makes use of automation and testing to enable more efficient security tests.

DevSecOps: What's the point?

Development, security, and operations, or DevSecOps, is a development methodology that incorporates security activities at each stage of the software development lifecycle to produce reliable and secure solutions.

What two advantages does DevSecOps security provide?

Uphold compliance, and make sure it. makes it possible to react quickly to changes. Early in the lifespan of software development, identify vulnerabilities. helps security teams move more quickly and nimbly.

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Conducting a search of the store is part of store closing duties. Why?

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Hello there! Conducting a search of the store is part of store closing duties because it is necessary to ensure:

1. Everything is in place

If things are not in place in a store, things would be very messy when opening the store the next day. Conducting a search of the store to see if everything is in place also ensures that no merchandise was stolen, and if so, persecution would be followed through with accordingly.

2. There is nobody trespassing/lurking

Conducting a search of the store is part of store closing duties because it assures workers that nobody is lurking in the shadows or intruding without the attention of any employee. Trespassing is illegal in most places, and it is a severe felony in some places. Whenever a store attendant is unaware of somebody who is in the store without permission, countless things can happen that do not work in favor of benefitting the business. However, conducting a search of the store during closing time would eliminate this concern.

If you need any extra help, let me know and I will gladly assist you.

PLEASE HELP
8. The International Monetary Fund, the World Bank, and the International Development Association are international organizations that
(A) keep track of world population growth
(B) make loans to developing nations
(C) limit loans and investments to nations located in certain regions
(D) have refused to help the developing nations

Answers

Answer:

answer is b (make loans to developing nations

Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale

Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character

Answers

Answer:veronica

Explanation:

sure

Answer:

yes i love riverdale my fav character is cheryl or betty

Explanation:

What is meant by the term new market

Answers

Answer:

The term new market can be used in 2 ways:

1) A new market is being used as a term for a new type of shop/ a new genre of market place.

2)  A new market value(rise of market value)

Explanation:

Your Welcome

Rise in value! Hope this helped

which of the following graphs correctly portrays the relationship between ordering cost per year ( y-axis) and order quantity ( x-axis) according to the economic order quantity model?

Answers

According to the Economic Order Quantity model, the ordering cost per year is inversely proportional to the order quantity. This means that as the order quantity increases, the ordering cost per year decreases and vice versa. Therefore, the correct graph that portrays this relationship would show a downward sloping curve on the graph, starting high on the left side of the x-axis and sloping down to a minimum point, then leveling off on the right side of the x-axis.

It's important to note that this relationship is specific to the Economic Order Quantity model and may not apply to other inventory models. So when evaluating the graphs, make sure to look for the characteristic downward sloping curve that accurately represents the inverse relationship between ordering cost per year and order quantity.
To determine which of the following graphs correctly portrays the relationship between ordering cost per year (y-axis) and order quantity (x-axis) according to the economic order quantity (EOQ) model, you should first understand the EOQ model. The EOQ model aims to minimize the total inventory costs, which consist of ordering costs and holding costs.

1. Identify the ordering cost per year formula: Ordering Cost per Year = (Annual Demand / Order Quantity) * Cost per Order.

2. Understand the relationship: As the order quantity increases, the ordering cost per year decreases because fewer orders are needed to meet the annual demand. This relationship is an inverse relationship.

3. Identify the graph: Look for a graph that represents an inverse relationship between ordering cost per year and order quantity, which means as the x-axis (order quantity) increases, the y-axis (ordering cost per year) decreases.

By following these steps, you can determine which graph accurately portrays the relationship between ordering cost per year and order quantity according to the economic order quantity model.

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3. Imagine you are Sophia. What do you do now to maintain the highest possible motivation among the greatest number of employees? Explain your reasoning.

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The answer is through Equity theory of motivation is the way to maintain the highest possible motivation among the greatest number of employees.

Equity theory is a theory of motivation that suggests that employee motivation at work is driven largely by their sense of fairness.

Employees create a mental ledger of the inputs and outcomes of their job and then use this ledger to compare the ratio of their inputs and outputs to others.

What is the most accurate definition of an employee?

An employee is someone who receives compensation for doing labor for another person or business. Employees need only be paid by an employer for their job in order to be regarded as such; they are not need to work full-time.

What exactly do the terms "employer" and "employee" mean?

An employer is a person, business, or other entity that pays workers for their labor. Employees are those who are compensated for their labor.

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In which economy does Individuals and private groups make decisions about what to produce and is greatly impacted by supply and demand?

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In capitalism economy does Individuals and private groups make decisions about what to produce and is greatly impacted by supply and demand.

The economic system of capitalism is that emphasizes the private ownership and operation of means of production for profit. Capital accumulation, sellers offer, a market mechanism, personal land, private property acknowledgement, free market, and wage labour are all central features of capitalism. In a market economy, wealth, property, or the ability to maneuver capital or production ability throughout capital and financial markets determine decision-making and investment, whereas prices and the exchange of products and services are primarily determined by contest in goods and services markets. Economists, historians, political economists, and sociologists have examined capitalism from various perspectives and identified various forms of it in practise.

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In the résumé above, what would cause appearance of the "00000000000"?

In the rsum above, what would cause appearance of the "00000000000"?

Answers

The “ 00000000000” on the résumé could be an error, but I believe that it means that they do not have any experience and/or objectives.

(Edit): Hi! I just completed my test and I got a 100 by using this

The resumes were scanned, and the formatting changed the way they looked when they were converted to text. Under "Objective" in this instance, there was an underlining that changed to "000000000000."

What is Formatting  ?

The presentation or appearance of your essay is referred to as formatting. Layout is another term for formatting. Headings, regular paragraphs, quotations, and bibliographic references are the four text types that the majority of essays use. Both endnotes and footnotes are acceptable.

If the paper is double or single spaced, where the page numbers are placed, and whether a cover page is included or not are examples of formatting. Different formatting conventions call for different sets of rules.

By dividing information into sections and giving them headings, emphasizing essential phrases or concepts using bold, italics, or lists, and generating a strong first impression, formatting also increases the reader's accessibility to the content (professional look and feel, appropriate font choice for the document type).

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Which Hazardous Material increase the risk of fire if they come in contact with flammable or combustible materials?

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Oxidizing material increases the risk of fire if they come in contact with flammable or combustible materials.

An oxidizing substance is a chemical that has the capacity to quickly break down and release oxygen. When added to a fire, oxidizing materials might pose a risk. They will increase the oxygen available to the fire, causing it to grow. They will also speed up the burning of a substance that ordinarily burns slowly in the air.

A combustible source might also ignite due to the presence of oxidizing material without the aid of an ignition source. Paper, wood, oil, wax, plastic, and other combustible items should all be kept far away from oxidizing elements. The introduction of oxidizing materials into the workplace should be avoided.

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Flank wear is measured by (two best answers):
Select one or more:
O a. wear depth
O b. Wear land depth
O c. wear volume
O d. d. wear area
O e. e. wear band width
O f. wear time
O g. g. wear thickness

Answers

Flank wear is measured by wear land depth and wear width.

Flank wear is a type of tool wear that occurs on the surface of cutting tools and it is the wear that happens at the intersection of the cutting edge and the finished workpiece.
Wear land depth refers to the degree of wear of the tool tip. In order to calculate the degree of wear, you will need to subtract the original depth from the new depth. The wear land depth is the height of the uncut portion of the cutting tool.
The wear width is the measurement of the width of the worn section on the cutting tool. It is measured from the edge of the wear band to the edge of the uncut portion of the cutting tool. The wear width can be used to determine how much of the tool is left and when it needs to be replaced.
The two best answers to measure flank wear are:
Wear land depth.
Wear width.
Flank wear is a common issue that can affect the efficiency of a cutting tool. By measuring the wear land depth and the wear width, it is possible to determine how much of the tool is worn and when it needs to be replaced. The depth and width of the wear area will increase over time, which will ultimately lead to the tool becoming less efficient.

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___________are incurred for every single unit of product produced.

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variable costs are expenses that change in direct proportion to the level of production and are incurred for every single unit of product produced.

In business, there are various costs associated with the production of goods or services. One such cost is the variable cost. variable costs are expenses that change in direct proportion to the level of production. These costs are incurred for every single unit of product produced.

Variable costs include expenses such as raw materials, direct labor, and direct utilities. For example, in a manufacturing company, the cost of raw materials used to produce each unit of a product is a variable cost. As the company produces more units, the cost of raw materials increases.

Variable costs are different from fixed costs, which remain constant regardless of the level of production. Fixed costs include expenses like rent, salaries, and insurance.

Understanding variable costs is crucial for businesses to determine their break-even point and make informed decisions regarding pricing, production levels, and profitability.

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In a progressive tax system, who pays a greater proportion of their income in taxes?

A. people with low incomes
B. people with high incomes
C. people who have the most deductions
D. Everyone pays the same.

Answers

Answer:

B. people with high incomes

Explanation:

A progressive tax system imposes high tax rates to high-income earners. In a progressive tax system, the applicable tax rates are based on income level. The higher the income, the higher the tax rate.

Low-income earners will be taxed at a lower rate, hence only a small proposition will be used for taxes. High-income earners will be taxed using a higher tax rate, meaning a bigger proposition of their income will be spent on taxes.

Planing is the primary function of management.discuss

Answers

Explanation:

it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business

When calling a support line to request help with a computer problem, it is best to

provide as many details and information as possible.
keep information to a minimum to avoid confusion.
avoid attempting to name or identify the problem.
avoid first attempting simple fixes to the problem

Answers

Answer: Provide as many details and information as possible.

Explanation:

So they can identify the problems with your computer

Answer:

1.provide as many details and information as possible.

Explanation:

Why is it important to track your income and your expenses?

1. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy

2. because knowing whether you can afford your lifestyle or not is the only goal of financial literacy

3. because you need to by law

4. because your income will tell you how much money you can save

Answers

Answer:

1. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy

because knowing whether you can afford your lifestyle or not is the first goal of financial literacy it is important to track your income and your expenses. hence, option A is correct.

What is financial literacy?

It comprises the capacity to comprehend financial options, make future plans, handle money properly, and deal with difficulties brought on by life events like losing a job, saving for retirement, or financing a child's education.

Paying off debt, making a budget, and comprehending the differences between various financial products are all examples of financial literacy. In conclusion, families that are attempting to balance their budget, purchase a home, pay for their children's education, or secure an income in retirement are significantly impacted by financial literacy.

For instance, a person who understands finances is aware that they cannot spend more than $2,000 per month, even if they earn $2,000, without incurring debt.

Thus, option A is correct.

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Why would a business choose to be a private limited company?

Answers

Answer:

Stability due to Limited Liability: Private Limited Company has this feature of limited financial liability of all the shareholders. The liabilities are limited to their shares only. This feature protects the personal assets and income of shareholders at times of any financial crisis faced by the company.

cos of the limited liability of it's share holders.

easier to maintain

it's flexible Management structure

easier to raise capital

it's protection from creditors

The cost of doing business and establishing retail pricing are directly related to a business’s bottom line. Therefore, if there is a change in the cost of goods, it will affect the profitability of a business that has set prices for its products.

How might profitability and market share be affected if retail pricing fluctuates depending on the cost of raw materials?

Why do you believe that to be the case?

Why is it important that a company’s pricing objectives fit well with its marketing objectives?

Please number your response for each question (1, 2, and 3).

Answers

(1). As increases in the cost of raw materials are there, because higher the raw material, there will be increasing of production cost at company levels. As it could felt by the consumers.

What is Business?

The word business is defined as, Businesses that are for-profit operate to make a profit, whereas those that are noncommercial do so to further a philanthropic cause. The term business refers as They could be industrial.

(3). As each business has their different goals and objective by having the pricing objective, the framework was there which determines. That how you should set your prices.

Therefore, As a result, by changes in the retail pricing of the products, there would be direct effect of business will be there in it.

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explain how division of labour cam be applied in a restaurant ​

Answers

general manager, shift manager, servers (waiters and waitress), different chefs and cooks, the host at the front of the restaurant

The adjusted trial balance for Yondel Company at December 31, 2018 is presented below: Accounts Debit Credit Cash $ 8,000 Prepaid rent 23,000 Land 445,000 Accounts payable $ 12,000 Salaries payable 20,000 Common stock 230,000 Retained earnings 109,000 Dividends 14,000 Service revenue 340,000 Salaries expense 160,000 Rent expense 29,000 Utilities expense 32,000 Totals $ 711,000 $ 711,000 Prepare the closing entries for Yondel Company for the year ended December 31, 2018.

Answers

Answer:

Explanation:

Cash                        =8000

Prepaid rent           = 23,000

Land                       = 445000

Accounts payable                              = 12,000

Salaries payable                                  = 20,000

Retained earnings                              = 109,000

Dividends                    = 14,000

Service revenue                                   = 340,000

Salaries expenses      = 160,0000

Rent expenses             = 29,000

Utilities expenses         = 32,000

Net income = Service revenue - Salaries-Rent-Utilities-

=340,000-160,000-29,000-32,000 = 119,000

                                       

                                                       Journal

1.     Debit  Service revenue   - 340,000

      Credit income summary -                  340,000

2,    Debit Income summary -    221,000

      Credit Salaries expenses                              160,000

      Credit Rent expenses                                     29,000

      Credit Utilities expenses                                 32,000

3     Debit Income summary          119,000

      Credit retained earnings                                  119,000

4     Debit retained earnings          14,000

      Credit retained earnings                                   14,000

What direction of change in velocity could explain the price level increasing by a smaller percentage than the money supply? What would this change in velocity imply about the frequency with which money changes hands?

Answers

1. A direction of change in velocity that explains an increase in price level by a smaller percentage than the money supply is: A decrease in velocity.

2. An effect of this change in velocity (decrease) with respect to the frequency with which money is exchanged (changes hands) is that: A decline or decrease in velocity simply means that money changes hands less frequently.

What is money?

Money can be defined as a recognized economic unit that is generally accepted by the people as a medium of exchange for goods and services, as well as repayment of debts such as loans and taxes across the world.

Hence, money is a financial asset that is typically used for the purchase of goods and services.

What is the velocity of money?

The velocity of money refers to a measure of the rate at which money is being used by consumers for the purchase of goods and services.

Basically, the velocity of money can be used to achieve the following:

Measure the economic and financial health of a country.Measure the rate at which money is being exchanged (changes hands).Measure the circulation of money in an economy.

Mathematically, the velocity of money is calculated by using this formula:

\(V = \frac{PY}{M}\)

Where:

P is the price level.M is the quantity of money.Y is the level of production or quantity of output.

Generally, an increase in price level by a smaller percentage than the quantity of money supplied represents a decrease in the velocity of money. Also, an effect of a decrease in velocity with respect to the frequency with which money is exchanged (changes hands) simply means that money changes hands less frequently.

In conclusion, the frequency with which money is exchanged (changes hands) should be equal to the quantity of money in an economy multiplied by the average number of times each unit of currency (money) is being spent by the people living in a country.

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Which expression is equivalent to 5/6 x 1/5 + 3/4 x 1/8 y 2/3 ? (MC)The Mystery of Loch NessBy Kayden MitchellOf all the mysteries in the world, none has been as popular as that of the Loch Ness Monster. Perhaps the biggest mystery is whether it is convincing evidence or a simple desire to believe that keeps the myth alive.Loch Ness is a lake in Scotland. The loch, or lake, is known for sightings of a mysterious monster. Most who see this monster, known as Nessie, describe something with a long neck and several humps above the water. Sometimes the "monster" is moving in these sightings, and sometimes it is still. Many have suggested that Nessie might be a plesiosaur (plea-see-a-soar), an aquatic dinosaur that was trapped in the loch after the last ice age.The plesiosaur theory presents several problems. First, the plesiosaur is an air breather. Such a creature would need to surface often and, therefore, be seen more frequently. Second, it's unlikely that the same creature has lived in the loch since the last ice age. Today's creature would have to be the offspring of an original plesiosaur trapped long ago. This would suggest multiple creatures in the loch (needed to produce offspring). Again, sightings would be more frequent if this were the case.So from a purely logical stand point, the existence of such a large and ancient creature is unlikely. But assume for a minute that it is possible. What would a plesiosaur need to live in an enclosed lake?Tropical waters: Scientists believe plesiosaurs were warm-blooded. Like crocodiles and alligators, plesiosaurs would need to live in warm waters. The loch is very cold with temperatures averaging about 40 degrees Fahrenheit (4.4 Celsius).Food: Like other warm-blooded creatures, plesiosaurs would need a large quantity of food. If there is a group of Nessies, then even more food would be needed. Because the loch is full of silt (underwater dust) not much light gets into the deepest areas. So the food chain, which would depend on plankton, is very weak at its base. As a result, there is probably not enough food to support such a large creature.However, the plesiosaur theory is not the only one. Many other ideas attempt to explain the sightings and "photographs." But two separate sonar surveys of the loch have not found any evidence of a creature larger than a salmon. The last survey,1 completed in 2007 by the British Broadcasting Company (BBC), involved 600 different sonar beams. Using satellite navigation systems, the team made sure every inch of the loch was searched. The team found nothing.With cell phones and digital cameras, one would think that sightings of Nessie would increase. This has not happened. The BBC team believes the legend of Nessie has endured because people see what they want to see. 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