Question 9Which defines a "credit limit"?The total amount you are authorized to charge on a credit card. ForO A.instance, if your credit limit is $1,000, you could charge up to $1,000.O B. How much you owe on your statement each month.Oc. The amount of time before your credit expires.O D. The amount of cash you can borrow on your credit card.Save and QuitSelect the correct statement:DELL Question 13Select the correct statement:Your interest rate on your loan with the credit card company can go up bigO A.time if you make late payments, or go over your credit limit.Your interest rates on your loan with many credit card companies can go upO B. big time if you make late payments on other bills that have nothing to dowith your credit card.Your interest rate on your loan with many credit card companies can go upC.big time for no reason at all.O D. All of the above.Question 14Save and Quits a really tough question. Select the correct statement:DELL24&

Credit limit is “The amount of cash you can borrow on your credit card”

Answered: Which defines a "credit limit"? The…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Subject :- Economy
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Please help me with 4 and 7. Thank you 4. Show (using the credit/debit tables) how each of the following would affect theU. S. Balance Of Payment. Your records should include a description of the transactionbeing recorded, which specific account is affected, and the accompanying credit/debitentry.a. A U. S. airplane manufacturer imports $600,000 in parts from a Canadian firm. It usesa U. S. bank account to pay for the parts.b. The Bank of England (U.K. central bank) buys $2 million in U. S. Treasury bonds froman American securities firm. c. An Italian tourist charges $400 to his Mastercard (issued by an Italian bank) for a hotel room in New York City.d. A Chinese catering company purchases $30,000 in helium tanks from a U. S. weldingfirm. The Chinese catering company uses deposits from a bank in China.e. A French firm forgives a $250,000 loan to an oil refinery located in Louisianafollowing a hurricane. 7. During the 1980s, the United States experienced “twin deficits” in…
2. Now that the campfire area has been created, Student Council wants to furnish it but they are going to need to borrow money to pay for it. The school is willing to lend them the money to buy 8 chairs at a cost of $225 each. Culminating Day 1 a) If Student Council made $500 on the Haunted House how much money would they I have if they invested it for 3 years at 8% p.a compound interest. Give answer to nearest cent. b) How much would the 8 chairs cost in 3 years if inflation was 2% the first year and 1.5% in each of the second and third years? c) Based on the answer from parts (a) and (b) (ie after the 3 years have passed) how much more money does Student Council need to buy the chairs? d) Mr. Perusin agrees to lend Student Council the rest of the money (answer from part (c)) at 8% interest to be paid back over 2 years. i. calculate the monthly repayments ii. how much interest did Student Council have to pay the school?
1. Financial institutions in the U.S. economy Suppose Clinton decides to use $1,000 currently held as savings to make a financial investment. One method of making a financial investment is the purchase of stock or bonds from a private company. 1. Suppose Warm Breeze, a cloud computing firm, is selling bonds to raise money for a new lab. This practice is called finance. Buying a bond issued by Warm Breeze would give Clinton (an IOU, or promise to pay/ a claim to partial ownership in) the firm. In the event that Warm Breeze runs into financial difficulty, (the stockholders/ Clinton and the other bondholders) will be paid first. 2. Which of the following statements are correct? Check all that apply. - The price of his shares will rise if Warm Breeze issues additional shares of stock. - The Dow Jones Industrial Average is an example of a stock exchange where he can purchase Warm Breeze stock. - Expectations of a recession that will reduce economywide corporate profits will likely…
A bank's assets are $670 million and its liabilities are $490 million, which means that the bank's net If the bank's assets rise by 6% at the same time worth (bank capital) is that its liabilities rise by 4%, the bank's new net worth will then be O $1,160 million; $168.8 million O $180 million; $200.6 million O $100 million; $104 million $580 million: $160.5 million
Question 18 The maximum amount of money that you can charge on a credit card is called: OA. Monthly statement. OB. Credit limit. Oc. Debt ratio. OD. None of the above. Question 19 Which of these choices shows the smartest thinking? e my credit card to finance purchases. Save and Quit use y credit card to build my credit and for convenience. But I try to never finance purchases with my credit card. Instead, if I really do need to DELL $ 4 5 W e
5 Question Let Ya,n be the present value of an n-year term continuous annuity of $1 per year for an insured aged x. Let Y be the present value of a whole life continuous annuity of $1 per year for an insured aged x. Given a constant force of interest, 8, show that: 1 бп Cov (Yz,n, Yz) = (A — e¯ðª‚„Ez (1 − Āz+n) — Ã‚±‚ñ¦Ã‚) 82 n. - -
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