Alex had always been interested in finance, but never knew where to start. So, when she heard about the Coursera course on Fundamentals of Finance, she jumped at the chance to learn more. As she began Week 1 of the course, she decided to apply the concepts to her own small business - a lemonade stand.
On the day of the big sale, Alex set up her lemonade stand near a busy street. She noticed that some people were willing to pay more for lemonade than others. This was an example of a , where buyers and sellers interact to determine prices. Alex was a seller, and her customers were buyers. The price of lemonade was determined by supply and demand. coursera fundamentals of finance quiz answers week 1
As Alex considered her lemonade stand, she thought about the $100 she invested initially. She realized that if she had put that money in a savings account, it would have earned interest over time. This concept is known as the . Alex understood that a dollar today is worth more than a dollar in the future, because she could invest it and earn interest. Alex had always been interested in finance, but
Alex had always been interested in finance, but never knew where to start. So, when she heard about the Coursera course on Fundamentals of Finance, she jumped at the chance to learn more. As she began Week 1 of the course, she decided to apply the concepts to her own small business - a lemonade stand.
On the day of the big sale, Alex set up her lemonade stand near a busy street. She noticed that some people were willing to pay more for lemonade than others. This was an example of a , where buyers and sellers interact to determine prices. Alex was a seller, and her customers were buyers. The price of lemonade was determined by supply and demand.
As Alex considered her lemonade stand, she thought about the $100 she invested initially. She realized that if she had put that money in a savings account, it would have earned interest over time. This concept is known as the . Alex understood that a dollar today is worth more than a dollar in the future, because she could invest it and earn interest.