Which of the following measures did the Fed use in addition to the creation of the short-term emergency lending facilities in order to inject liquidity into financial markets? O Required reserve ratio O Quantitative easing O Secondary credit O Primary credit

Answers

Answer 1

The Fed used "quantitative easing" measures in addition to the creation of short-term emergency lending facilities in order to inject liquidity into financial markets.

What is quantitative easing? Quantitative easing (QE) is a monetary policy tool that central banks use to stimulate the economy when interest rates are low or when they have reached their lower bound. The central bank purchases large quantities of government bonds, corporate bonds, and other financial assets from banks, insurance companies, and other financial institutions, injecting liquidity into the market and increasing the supply of money. This can lead to lower interest rates, which in turn can encourage borrowing and investment. What are the short-term emergency lending facilities?

Short-term emergency lending facilities are special programs that central banks can use to provide emergency liquidity to financial institutions during periods of financial stress. These programs typically involve loans or other forms of financing that are designed to help banks and other institutions that are experiencing temporary liquidity shortages. The loans may be secured by collateral or may be unsecured, and they may have special terms or conditions attached to them to help reduce risk.

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Related Questions

What is the practice of keeping a product generic as long as possible before​ customizing?

Answers

The practice of keeping a product generic as long as possible before​ customizing is postponement.

Investing in a product or service later than necessary or producing a generic product that can be modified later before being distributed to the customer is known as the postponement. This business strategy is used in manufacturing and supply chain management to maximize potential benefits and minimize risk.

Reduction in inventory is one of the main advantages of postponing manufacture. This is because it allows you to have fewer completed items on hand. Only once a formal purchase has been placed, or after firm demand has been established, will be finished units be configured, tested, packaged, and dispatched.

The given question is incomplete, the complete question is:

What is the practice of keeping a product generic as long as possible before customizing?

A) postponement

B) keiretsu

C) vendor-managed inventory

D) forward integration

E) backward integration

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two economists agree that labor market discrimination against certain workers unfairly leads to lower wages for the disfavored group. economist x argues that government intervention is most likely necessary to eliminate this unfair treatment, while economist y argues that the best solution to the unfair treatment is to let the market work to eliminate it on its own.

Answers

Economist Y is most likely to be correct when labor and product markets are highly competitive and the lower wages of the disfavored group result from discrimination by employers. This is because of discrimination by employers.

What is an employee?

A worker or manager who works for a business, group, or community is referred to as an employee. The organization's personnel consists of these people. There are various types of employees, but in general, any individual engaged by an employer to do a specific task in exchange for remuneration is considered an employee.

The labor market, often known as the job market, refers to the supply of and demand for labor, in which employees give the supply and employers provide the demand. It is a crucial part of every economy and is closely connected to the markets for capital, goods, and services.

Therefore, Thus option (C) is correct

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The real interest rate is the:____.
a nominal rate plus the inflation rate
b nominal rate minus the inflation rate
c prime rate plus the federal funds rate
d prime rate minus the federal funds rate

Answers

The real interest rate is the: nominal rate minus the inflation rate

Option B is correct.

What is the meaning of real interest rate?

A real interest rate is an interest rate that has been adjusted to remove the effects of inflation. Once adjusted, it reflects the real cost of funds to a borrower and the real yield to a lender or to an investor. A real interest rate reflects the rate of time preference for current goods over future goods.

What is the real rate of inflation?

But our real-world experience tells us the official inflation rate doesn't reflect the actual cost increases of everything from burritos to healthcare. The grim reality is that real inflation is 7+% per year.

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some of the inputs to this problem will change with each submission, so you will need to recompute your answer each time you submit. your portfolio is invested 35 percent in stock x, 20 percent in stock y, and 45 percent in stock z. the expected returns on these three stocks are 8 percent, 15 percent, and 13 percent, respectively. what is the expected return of your portfolio?

Answers

The expected return of your portfolio is 11.65%.

How to determine the expected return

To calculate the expected return of your portfolio, you need to consider the percentage allocated to each stock and their respective expected returns.

In your case, your portfolio consists of 35% stock X, 20% stock Y, and 45% stock Z.

The expected returns for these stocks are 8%, 15%, and 13%, respectively.

To find the expected return of the portfolio, you can use the following formula:

Expected return of portfolio = (Weight of stock X * Expected return of stock X) + (Weight of stock Y * Expected return of stock Y) + (Weight of stock Z * Expected return of stock Z)

Using the given data, the expected return of your portfolio can be calculated as:

Expected return of portfolio = (0.35 * 0.08) + (0.20 * 0.15) + (0.45 * 0.13)

Expected return of portfolio = 0.028 + 0.03 + 0.0585

Expected return of portfolio = 0.1165 or 11.65%

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If the buyer, who has signed a buyer broker contract, finds a For Sale by owner, then?

Answers

Answer:

Then the buyer must tell the broker and have him set up an appointment and handle the negotiations.

Explanation:

If you sign for a buyer-broker contract, then you should know that the broker must be the essential 'lead' when it comes to, say, buying a house.

A real estate agent who writes up a contract for the purchase of a home is providing ________ utility.

Answers

Based on estate management definitions, a real estate agent who writes up a contract to purchase a home provides Possession utility.

This is because a Possession utility is a term used in estate management services to describe the proportion of suitability or perceived value from owning a product.

Therefore, in this case, a real estate agent providing possession utility for a home creates a financing term toward possession of the home.

This possession utility is expected to lead to a high chance of home sales.

Other types of economic utility include the following:

Place;Form;Time.

Hence, in this case, it is concluded that the correct answer is "Possession utility."

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You work in a company that has snacks in the kitchen. You realize that a coworker never brings their own food or eats out, but instead eats 5-6 snacks each day. You’re aware that other employees help themselves to snacks, but limit themselves to 1 snack per day.

Answers

In case you worry about your colleague's frequent munching tendencies, try initiating a cordial and objective dialogue without any hint of criticism. Voice your concern regarding their welfare and enquire on how to assist them in choosing healthier snacks.

How should you treat this situation?

Additionally, it may be plausible that this coworker has an underlying medical condition or dietary limitation prompting he requires more snack breaks than what is perceived as normal practice. In such cases, supportive understanding will go a long way in the person's psychology boosting.

Furthermore, for workers who only snack once each day, disparities impact different dietary necessities and lifestyle preferences aside from health aspects. Hence, gauging an individual in line with someone else proves futile due to numerous factors at play.

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Which control standard is stated most effectively?
Multiple Choice
Praise employees more often this month.
Empower employees to make more decisions next year.
Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
Cut the number of finished product rejects.

Answers

The  control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.

What is meant by the term control standard?

This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.

It helps in the comparison of the subsequent performance with the performance that used to exist.

Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.

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population growth can have both a positive and a negative impact on economic growth. a. true b. false

Answers

The correct answer is true. Population growth can have both, a positive and a negative impact on economic growth.

The yearly rate of change in real GDP per person is the measure of economic growth. This indicator of a country's economic growth rate considers both the rate of population increase and the growth in the total output of goods and services. It is an average measure that does not take into consideration potential changes in income distribution or different welfare costs or benefits that may come along with economic growth.

Some economists say that population expansion slows economic growth, while others assert the exact reverse. Therefore, according to the latter economists, immigration should be promoted rather than discouraged.

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what user type is appropriate for nonprofit companies that need to provide reporting access to their board members? standard user company admin user reports only user FULL Acess user

Answers

The appropriate user type for nonprofit companies that need to provide reporting access to their board members is "Reports only user."

Reports only user reports only users can access a limited amount of data and generate reports, which is beneficial for nonprofit organizations that need to provide reporting access to their board members. This type of user is able to read data and create reports, but they are unable to make any changes or edit data. Reports-only users have access to a certain number of reports and are able to personalize the reports they want to receive. This access type is also very useful for data analysts who need to create customized reports and visualizations for board members to understand the impact of their work. They are restricted to only viewing data and cannot add, edit, or remove any data from the system. Therefore, it is appropriate for nonprofit companies that need to provide reporting access to their board members.

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The correct question would be as

What user type is appropriate for nonprofit companies that need to provide reporting access to their board members?

Company admin user

Standard user

Reports only user

Full access user

View only user

Crane Company is planning to sell 500 boxes of ceramic tile, with production estimated at 470 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $10 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Crane has 2900 pounds of clay mix in beginning inventory and wants to have 3500 pounds in ending inventory.

What is the total amount to be budgeted for direct labor for the month?

a) $1250

b) $1175

c) $4700

d) $18800

Answers

The total amount to be budgeted for direct labor for the month is $1175.

To calculate the total amount to be budgeted for direct labor, we need to multiply the direct labor hours by the labor rate. Each box of tile requires 0.25 hours of direct labor, and the labor rate is $10 per hour. Therefore, the labor cost per box is 0.25 hours x $10 = $2.50. Since the estimated production for the month is 470 boxes, the total direct labor cost for the month would be $2.50 x 470 = $1175.

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Select the correct answer. Ship's engineers help keep ships running well. A. True B.False​

Answers

Answer:

i am late but this true

Explanation:

I did the test on this and got it right :)

What did Alexander Hamilton want for the economy?

Answers

Hamilton advocated for a federal charter for a national financial institution as part of his plan to restructure the American economy. A Bank of the United States was his suggestion.

What was the economic objective of Alexander Hamilton?

In Hamilton's proposal, the federal and state debts would be paid off by the government. He demanded that the government acquire all of the bonds issued before 1789 by the federal and state governments. Then, he intended to issue fresh bonds to settle the previous debts.

What three points made up Hamilton's economic strategy?

The elements of Hamilton's particular financial strategy were: government obligations incurred during the war. financing for the government's operations. Concentrate on business and industry

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definition of the term small business​

Answers

Answer:

make me brainalist and keep smiling dude

Explanation:

Small business is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.

Alto Clinic plans to purchase a new centrifuge machine for its Massachusetts facility. The machine costs $174,000 and is expected to have a useful life of 9 years, with a terminal disposal value of $20,500. Savings in cash operating costs are expected to be $35,000 per year. However, additional working capital is needed to keep the machine running efficiently. The working capital must continually be replaced, so an investment of $14,000 needs to be maintained at all times, but this investment is fully recoverable (will be "cashed in") at the end of the useful life. Alto Clinic's required rate of return is 10%. Ignore income taxes in your analysis. Assume all cash flows occur at year-end except for initial investment amounts. Alto Clinic uses straight-line depreciation for its machines. Requirement :1. Calculate net present value. 2. Calculate internal rate of return. 3. Calculate accrual accounting rate of return based on net initial investment. 4. Calculate accrual accounting rate of return based on average investment. 5. You have the authority to make the purchase decision. Why might you be reluctant to base your decision on the DCF methods?

Answers

Answer:

1. The net present value (NPV) of the project is $60,350.

To calculate the NPV of the project, we need to calculate the present value (PV) of the annual savings in cash operating costs, the terminal disposal value, and the initial investment. The formula for NPV is:

NPV = PV of cash inflows - PV of cash outflows

Using a discount rate of 10%, the PV of the annual savings in cash operating costs is $215,620, and the PV of the terminal disposal value is $8,546. The PV of the initial investment is -$174,000 (a negative value because it is a cash outflow). Therefore, the NPV of the project is $60,350.

2. The internal rate of return (IRR) of the project is 14.25%.

The IRR is the discount rate that makes the NPV of the project equal to zero. In this case, the IRR is 14.25%.

3. The accrual accounting rate of return (AARR) based on net initial investment is 25.35%.

The AARR based on net initial investment is calculated as follows:

AARR = Annual Average Income / Net Initial Investment

Annual Average Income = Annual Savings in Cash Operating Costs - Depreciation Expense

Annual Average Income = $35,000 - (($174,000 - $20,500) / 9) = $8,833

Net Initial Investment = Initial Investment - Working Capital

Net Initial Investment = -$174,000 + $14,000 = -$160,000

Therefore, the AARR based on net initial investment is 25.35%.

4. The AARR based on average investment is 17.53%.

The AARR based on average investment is calculated as follows:

AARR = Annual Average Income / Average Investment

Annual Average Income = $8,833 (as calculated in step 3)

Average Investment = (Initial Investment + Terminal Disposal Value) / 2

Average Investment = ($174,000 + $20,500) / 2 = $97,250

Therefore, the AARR based on average investment is 17.53%.

5. One reason why a decision-maker might be reluctant to base their decision solely on DCF methods like NPV and IRR is that these methods rely heavily on assumptions about future cash flows and discount rates. If these assumptions are inaccurate or change over time, the results of the analysis can be misleading or irrelevant. Additionally, DCF methods do not account for non-financial factors that may be important to the decision-maker, such as strategic fit, market share, or corporate social responsibility. Therefore, a decision-maker may want to consider both quantitative and qualitative factors when making a purchase decision.

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Cost; revenue and profit are In dollars and X is the number of units If the total profit function Is P(x) = Ix 29, find the marginal profit MP. MP What does this mean? a.This Is the total cost, b.The next unit sold costs thls much t0 make c.The next unit sold earns this much profit;_
d.Thls Is the total revenue e.Thls Is the total profit_

Answers

The marginal profit (MP) refers to the additional profit generated when one more unit is produced and sold. To find the MP, you need to determine the first derivative of the profit function P(x) = 1x^29 with respect to x.

Using the power rule, the derivative is:
MP(x) = d(P(x))/dx = 29x^28

This means that the marginal profit (MP) is 29x^28, where x is the number of units produced and sold. The MP represents the additional profit gained when producing and selling one more unit.

In this context, the correct answer is c. The next unit sold earns this much profit (29x^28). The other options do not correctly describe the meaning of the marginal profit:

a. This is not the total cost, as the total cost function would be a separate equation.
b. This does not represent the cost to make the next unit, as this would be related to the marginal cost function.
d. This is not the total revenue, as the total revenue would also have a different function.
e. This is not the total profit, as the total profit is given by the original function P(x) = 1x^29.

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At the beginning of the day, stock XYZ opened at $4.25. At the
end of the day, it closed at $5.25. What is the rate of change
of stock XYZ?

Answers

Answer:

23.53 %

Explanation:

The rate of change would be actual change/ original cost x 100

The actual change

= $5.25 - $4.25

=$1

The rate of change

=$1/$4.25 x 100

=0.2353 x 100

=23.53 %

100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?

Answers

Answer:

With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.

Explanation:

A soda manufacturer has two operating departments: mixing and bottling. mixing has 600 employees and bottling has 400 employees. office costs of $320,000 are allocated to operating departments based on the number of employees. the office costs allocated to the bottling department are:

Answers

Cost allocation is a technique of allocating the organization's costs among the various cost centers of the organization. Thus, the office costs allocated to the Bottling department are equal to $128,000.

What are allocation costs?

Cost allocation is a technique of supplying relief to shared carrier organization's cost facilities that offer a product or provider. In turn, the related cost is assigned to internal clients' price centers that devour the goods and services.

As per the given information,

Total office costs: $320,000

We have given total number of employees for mixing = 600

And total number of employees for bottling = 400

office costs = $320,000

So total number of employees is equal to 600 plus 400 is 1000 employees.

\(\rm\,Allocation \,Base\, For\, Mixing: \frac{600}{1,000} = 0.6 \\\\So allocated amount for mixing is 0.6 \times \$320,000 = \$192,000\\\\Allocation \,Base\, for\, Bottling\, = \dfrac{400}{1,000} = 0.4\\\\So allocated amount for bottling = 0.4 \times \$320,000= \$128,000\)

Thus, the office costs allocated to the Bottling department is equal to $128,000.

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One example of a variable expense is _____.

A.
car maintenance

B.
a bus pass

C.
rent

D.
the Internet

Answers

Answer:

Car maintenance

Explanation:

The price for car maintenance may change over time depending on things like the problems in your car.

Answer:A

Explanation:just got it right

In 2020 , the value of the Consumer Price Index (CPI) in a certain country, Polonia, was 184 and median (nominal) household income was $45,800. In 1950 , the CPI was 86 and median (nominal) household income was $8,200. Calculate median real household income in 1950 and in 2020 , using 2020 as the base year. For 1950, median real household income (in 2020 dollars) was \$ . (Round your response to one decimal place.)

Answers

Median real household income in 1950 and in 2020, using 2020 as the base year (in 2020 dollars) was approximately $17,540.29.

To calculate the median real household income in 1950 (in 2020 dollars), we need to adjust the nominal income for inflation. We can use the Consumer Price Index (CPI) to account for changes in the purchasing power of the currency over time.

First, we need to calculate the inflation rate between 1950 and 2020. The formula for calculating the inflation rate is (CPI in the current year - CPI in the base year) / CPI in the base year. Using the given CPI values, we have an inflation rate of (184 - 86) / 86 = 1.1395.

Next, we can calculate the adjusted income by multiplying the nominal income in 1950 by the inflation rate. The formula for calculating the adjusted income is nominal income * (1 + inflation rate). Using the given nominal income of $8,200 and the calculated inflation rate of 1.1395, we get $8,200 * (1 + 1.1395) = $17,540.29.

Therefore, the median real household income in 1950 (in 2020 dollars) was approximately $17,540.29. This means that if the income earned in 1950 was adjusted for inflation to reflect the purchasing power in 2020, it would be equivalent to $17,540.29. It's important to consider inflation when comparing income across different time periods, as it provides a more accurate understanding of the changes in real purchasing power over time.

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Tucker works for a retail distributor company that was recently started. Tucker already invested a lot of his earnings into shares of the company. When the quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a _________ Corporation.
A. Professional
B. Closely-Held
C. Sub chapter S

Answers

Closely- Held I think

Explain the importance of denists and physiotherapists​

Answers

Explanation:

physiotherapists help people affected by injury, illness or disability through movement and exercise, manual therapy, education and advice. They maintain health for people of all ages, helping patients to manage pain and prevent disease.

dentistry is important to maintaining the health of your smile as well as your overall health. Unaddressed tooth decay or gum disease can lead to infections and other conditions that can put your entire body at risk for health issues.

if my answer helps you than mark me as brainliest

Answer:

The physiotherapist is important because they can revive the disfunctional human organs through regular therapy.

Dentist is important because they deal with diverse dental problems and diseases and human teeth are very important organ.

Explanation:

I hope my answer helped you:)

Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?

Answers

Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.

First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.

Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity

.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.

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Which of the following summarize how the social-cultural-political environment of the United States has encouraged economic growth? Multiple select question. No social or moral taboos on production Wealth creation considered an antisocial goal A negative attitude toward risk taking A competitive market system

Answers

Answer:

There are two answers to this::

1. No social or moral taboos on production

2. A competitive market system

if an economy can increase its steady annual growth rate from 3 percent to 4 percent, this reduces the time it takes for the economy to double in size by

Answers

Increasing the steady annual growth rate from 3 percent to 4 percent reduces the time it takes for the economy to double in size by approximately 5.

if an economy can increase its steady annual growth rate from 3 percent to 4 percent, it would reduce the time it takes for the economy to double in size. the time it takes for an economy to double in size is calculated using the rule of 70. according to this rule, the approximate number of years it takes for a variable to double is given by dividing 70 by the annual growth rate.

in the case of a 3 percent annual growth rate, it would take approximately 23.3 years for the economy to double in size (70 divided by 3 equals approximately 23.3).

on the other hand, with a 4 percent annual growth rate, it would take approximately 17.5 years for the economy to double in size (70 divided by 4 equals approximately 17.5). 8 years. this accelerated growth rate can have significant implications for economic development, investment opportunities, and overall prosperity.

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Tony works for an organization that raises awareness about environmental
concerns in the community. He wants to make sure his local congressperson
votes for a new law that would make penalties for polluters more severe. He
knows his congressperson really likes a certain restaurant in town, so he's
thinking about getting him a gift certificate for that restaurant. What ethical
dilemma is Tony facing?
O A. Whether to award honoraria to a business leader for reduced
pollution
B. Whether to give a gift to a business leader for reduced pollution
C. Whether to give a gift to a politician while lobbying
O D. Whether to award honoraria to a politician while lobbying

Answers

Answer:

C. Whether to give a gift to a politician while lobbying

True or false: Some of the ways customers evaluate the customer service capabilities of an organization are through their experiences with human response call centers, automated response call centers, and consumer web sites

Answers

It is true that some of ways customers evaluate customer service capabilities of organization are through their experiences with human response call centers and consumer web sites.

What is customer service?

A company's support and guidance to consumers who purchase or use its goods or services is referred to as customer service. Customer service standards vary by industry, but ultimately the goal of a well-performed service is to boost profits. A company's customer service practices frequently exhibit its strategies and ideals. Customer retention is typically used as a gauge for good customer service. For some businesses, providing excellent customer service is one of their intangible assets that sets them apart from competitors. One positive customer service encounter can completely alter the impression a customer has of a company. Due to frequent client engagement, especially in the healthcare or legal sectors, customer service is essential for service businesses.

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Technology improves the productivity of a farmer by enabling access to the latest prices for commodities, using satellites to view his fields, and:

Answers

Agriculture is growing daily. Technology improves the productivity of a farmer by maximizing the use of seed and fertilizer by tracking yields to improve profits.

How does technology boast productivity in agriculture?

The use of technological has lead to more productive and environmentally friendly type of agriculture. This has brought about  zero tillage, reduced tillage, mulching, integrated plant nutrient management, etc.

Technology has help to boast the productivity of a farmer by as they can use less seeds and fertilizer through the act of tracking yields to improve profits.

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1.
Consider the market for personal computers. Suppose that
demand is stable: The demand curve doesn't change. Predict
the effects of the following changes on the on the equilibrium
price of computers. Illustrate your answers with a supply and
demand diagram. (Hint: Needs 2 Graphs; one for "a" and one for
"b")
a.
b.
The cost of memory chips decreases.
The government imposes a $100 tax on personal
computers

Answers

Note that a decrease in the cost of memory chips will shift the supply curve to the right, leading to an increase in the quantity supplied and a decrease in the price of computers.

On the other hand, the imposition of a $100 tax will shift the supply curve to the left, reducing the quantity supplied and increasing the price of computers. As a result, the price of computers will decrease in the first case and increase in the second case.

What is the rationale for the above response?

In economics, the equilibrium price is the price at which the quantity of a good or service supplied is equal to the quantity demanded by consumers.

When the cost of memory chips decreases, there will be an increase in the supply of personal computers, as it becomes cheaper for manufacturers to produce them.

This shift in supply will cause the price of personal computers to decrease, reaching a new equilibrium price at which the quantity supplied equals the quantity demanded.

On the other hand, if the government levies a $100 tax on personal computers, this will increase the price for consumers, causing a decrease in demand.

The shift in demand will cause the price to increase, reaching a new equilibrium price at which the quantity supplied equals the quantity demanded.

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