You are been asked by your younger sister to explain what banking is, write brief description of the activities of a bank explaining how they generate income.

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A: Given information Present sum= 5000 Time=5 years Interest is compounded continuously.

Q: Introduction to Calculus in Economics: Calculus is a powerful tool used in economics. One of the…

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A: Value for money refers to a utility derived or calculated from every purchase or every sum of money…

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A: Tax is the income for government.

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A: Disclaimer: providing the solution to the first three sub-parts.

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A: Negotiation refers to the dialogue between two or more people or parties to reach the desired…

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A: Taxable income is the one on which taxes are imposed.

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A: Export Price Index is defined as the index which calculates the price of specific goods and services…