1. Which of the following is an example of money as a unit of account? (A) A monthly credit card statement (B) A money market account (C) A checking account (D) Pricing of items in a grocery store (E) Direct deposit

Q: Suppose there are two countries and two goods- Country S Country F 10 labor hrs/unit of output…

A: An individual, firm, area, or country has an absolute advantage if it can generate more goods or…

Q: It is a form of guarantee given by a reputable bank. If the borrower defaults in paying, the…

A: A bank is a financial institution that is licenced to accept deposits and provide loans. Retail…

Q: What would be the first loan in the table if the reserve ratio is 10%? A/Loans 800, total Deposit…

A: Answer: Correct option: option (C) Explanation: Banks accept deposits of 1000 and it also creates a…

Q: It is not smart to make small purchases on a credit card because they can pile up and end up costing…

A: When talking about credit card, it is the facility provided by financial institutions to the people…

Q: 1. A transportation company bought a new truck. The cash price of the truck is $66,000. The company…

A: The minimum monthly payment is the lowest amount a customer can pay on a revolving credit account to…

Q: Distinguish between the present worth of cash and future worth of cash?

A: Present worth of cash : Meaning : It is defined as the current value of future or future value.…

Q: Match the columns Protection of your money A.  If this is not done, control over finances can be…

A: Banking has become the lifeline of every economy. This is due to the fact that banking offers…

Q: Definition of the initial cash reserve

A: Cash reserves are funds held on hand by a company or a person to meet short-term and emergency…

Q: The writing should be in print, not in handwriting By no more than one page, Explain type of…

A: Portfolio Officer This is the place in which the different single projects and programs all over the…

Q: Which of the following is a personal financial asset? a. A payday loan b. A mortgage loan c. A…

A: A financial asset is a tradable instrument or other tangible property that represents a legal claim…

Q: 1. A bank is offering to sell four-month certificates of deposit for $ 4,926. At the end of four…

A: A bank is offering to sell four-month certificates of deposit for $ 4,926. At the end of four…

Q: 1. What are some of the problems with paying only the minimum monthly payment on a credit card? 2.…

A: 1. The primary use of credit cards is to use money and repay without interest. If one is paying only…

Q: Explain 3 reasons why opening a checking account would benefit you?

A: A checking account refers to a type of bank account that allows you to deposit money and withdraw…

Q: Explain in no more than 5 sentences. Why is there is a need to follow certain financial precautions…

A: Answer - Need to find- Why is there is a need to follow certain financial precautions when writing…

Q: Identify and explain the three main characteristics and uses of money.

A: Money is something, for the most part acknowledged as a vehicle of trade, a proportion of…

Q: Based on your current situation, which of the cards would best suit your needs today? (Credit, debit…

A: "Plastic money" is a term that refers to payment cards that are made of plastic, such as credit…

Q: why do credit cards charge higher interest than home and car loans? please help me with this…

A: A credit card is a type of payment card that enables the cardholder to borrow money from a bank or…

Q: If Tiffany redeemed a bond that earned 5% interest over the past 10 years, which function of money…

A: Money is any record being verifiable or an item which is generally being accepted as payment for…

Q: Why certificate of deposit is considered as lending investment

A: Answer-

Q: What are the benefits of opening a bank account as a young person? Can someone help with this…

A: Introduction A bank is a financial institution which provides financial services such as loans,…

Q: To deposit and withdraw funds from linked bank accounts, which system call will be used? Withdraw…

A: A linked account is one that is linked to another at the same financial institution so that money…

Q: (b) Banks can create money through their expenses. Banks can create money through their expenses. Is…

A: We should keep in our minds that while taking about the expenses of the bank, these  includss…

Q: What are 2-3 products and/or services that have been improved or introduced in recent years by banks…

A: The 2-3 products and/or services that have been improved or introduced in recent years by banks due…

Q: A good form of money is described as having the following characteristics: A, B, C, OR D ONE ANSWER…

A: Answer- Need to find- A good form of money is described as having the following characteristics:…

Q: Example scenarios  of five forms of money

A: Money is an object that is accepted in form of payment for any goods or services in a country. It is…