Loma 308 - Study guides, Class notes & Summaries

LOMA 308 Module 3 Study Guide with Complete Solutions Interest on investments, 3 factors affect their growth - Answer️️ -1. Interest rate 2. The type of interest 3. The time period during which the invested principal earns interest Interest rates - Answer️️ -Remember that interest is a fee that individuals and financial institutions pay (or charge) for the use of borrowed money. And the amount of interest earnings depends on the interest rate that's applied to the principal. Int...

LOMA 308 Exam Study Guide with Complete Solutions Transfer payments - Answer️️ -A payment made by a govt for which no goods or services are given in return Intermediation - Answer️️ -The transfer of funds from savers to borrowers through the services of a financial intermediary Product (output) markets - Answer️️ -A market in which businesses supply finished goods and service to households, other businesses and governments Labor markets - Answer️️ -A market in which house...

loma 308 module.1

LOMA 308 Module 2 Questions and Answers Suppose that you want to start your own insurance company. The first thing you need to decide is what kind of structure your company will have. Which organizational structures do you think you can choose from? a. sole proprietorship b. partnership c. corporation - Answer-c. - Laws in most jurisdictions require insurance companies to be organized as corporations. In this lesson, you'll learn why that structure is required. You'll also learn how organ...