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

Q: A person is receiving unemployment compensation. While the person is receiving payments, what must…

A: Claim fraud can take the form of intentionally providing false information. The person continuing to…

Q: How does the credit card company calculate the interest payment?

A: The credit card has been an important tool to increase the purchasing power. This facility has…

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: How fast Can someone get a bank loan?

A: A bank takes into account several things when considering whether or not to extend a loan to…

Q: 4. Determine the probability that the following tree reflecting demand for a product, given an…

A: Decision trees provide information about possibilities and help people to understand the specific…

Q: What’s a debit?

A: The word debit is derived from an Italian word Debito. A debit is a record regarding money when…

Q: Why junk food is a demerit good

A: A demerit good is defined as one which has harmful effects on the consumers but these effects are…

Q: Why is it important to review your bank statement each month?

A: A bank statement refers to a type document that summarizes all of the transactions in a bank account…

Q: what affects the way you spend money the most?

A: The way we spend money is influenced by a variety of factors. The most significant of these are…

Q: The price elasticity chart shown here supports which of the following observations about the product…

A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…

Q: rite a paragraph about the topic "Credit Cards". How do you feel about the use of credit cards ? Do…

A: Introduction: The situation of one's own financial affairs is referred to as one's financial health.…

Q: Does IRS have my direct deposit info?

A: IRS stands for Internal Revenue Service which represents the federal government's revenue services,…

Q: Discuss credit card safety and precautions?

A: A credit card is a plastic card issued by a financial institution, typically a bank, that allows the…

Q: I need help answer please quickly fast don't copy

A: The wealth of the consumer or the producer refers to the current endowment along with the future…

Q: How do credit cards contribute positively to the economy?

A: Credit cards originated in the second half of the twentieth century as an easy way of making a…

Q: Why do you even need a checking account? Why not just use cash?

A: A checking account is a type of bank account that allows individuals to easily deposit, withdraw,…

Q: Your friend Tim wants to open a checking account, but he's not sure how to do it. Explain the…

A: A checking account is a type of bank account that allows individuals to deposit money, withdraw…

Q: The process for producing a fruit-tree pesticide has a first cost of $200,000 (initial investment at…

A: To find the discounted payback period firstly we compute the net cash flows taking into…

Q: What do you need to open a bank account, if you are under the age of 18? Please help with this…

A: Connecting to the banking system can be done by opening a bank account with any one of the…

Q: credit unions differ from savings institutions

A: More number of saving banks come together are called savings institutions. More number of loan…

Q: Explain the content and purpose of a credit report?

A: A credit report is a detailed summary of a person's credit history and financial behavior. It…

Q: If there is an increase in the U.S. money supply, please try to draw a graph and explain how it will…

A: Money supply refers to the total amount of money available in an economy at a given point in time.…

Q: Name one potential benefit of using credit cards?

A: A credit card is a payment card that allows the cardholder to borrow funds from a bank or financial…

Q: Beginning O Closing O Middle

A: In a letter or resume a name with signature is provided at the end as a sigh of completion.

Q: Check all that apply. The Federal Reserve conducts monetary policy by: Select an answer and submit.…

A: Monetary  policy is the policy of the Monetary Authority of the country that aims to control the…

Q: Each firm in a monopolistically competitive industry faces a downward-sloping demand curve because O…

A: A monopolistic market has some features of perfectly competitive market and some features of a…

Q: The disadvantages of using letters of credit for payment

A: A letter of credit is a written promise from a bank or other financial institution that a seller…

Q: The Great Financial Crisis left many nations with slow GDP growth rates and high levels of public…

A: The Great recession of 2008 was occurred due to the failure of the financial market, which happens…

Q: Money flow

A: Money flow is determined by calculating the daily volume by the average of the high, medium, and…

Q: The following maintenance alternatives are considered for a new assembly line that has an a cost of…

A: Expected life = ∑Probability *Life  Regime  Service life by probability      Expected Life   0…

Q: what is the difference between Credit and Consumer credit?

A: Introduction Credit is a types of arrangement to receive cash or any service which you can use in…

Financial Institutions and Federal Bank

The word financial institution is a kind of business organization that deals with the financial activities of a nation. These activities include accepting deposits, making payments, granting loans and advances, transferring funds, holding shares, providing credits, purchasing and selling foreign exchanges, investments in shares, futures commodities, and many more.