Answer:
The labor market operates in the US and other free-market systems according to the laws of supply and demand. Workers or laborers offer their time to the marketplace for a price. Business firms have a demand for labor of various kinds at various prices.
Explanation:
A savings account that pays interest every month is said to have a _______ interest period.
A savings account that pays interest every month is said to have a Quarterly interest period.
The term "interest period" refers to either the duration for which an interest rate is set or the time frame for which interest is due. It could be every quarter, every month, every half-year, or even every year.Quarterly is one-fourth of a year (3 months).Do savings accounts pay interest monthly?With most savings accounts and money market accounts, you'll earn interest every day, but interest is typically paid to the account monthly.How does interest on savings account work?When you earn interest in a savings account, the bank is literally paying you money to keep your cash deposited there. Savings accounts earn compound interest, which means the interest you earn in one period gets deposited into your account, and then in the next period, you earn interest on that interest.How much interest does a savings account earn?The average savings account earns an annual percentage yield of around 0.06%, while high-yield accounts currently earn around 0.5% APY. Although it's not as much as they have previously earned, it's still better than nothing.Learn more about savings account here:
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