Refer to the scenario above. What is the net present value of the investment?

U.S. has a _____ banking system - state-chartered banks operate beside federally-chartered banks.

Fill in the blank(s) with the appropriate word(s).

If a school that offers higher wages to its staff is set up near a school that offers comparatively lower wages to its staff, what will be the effect on the wage rate and the staff strength in the school that pays lower wages?

What will be an ideal response?