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mr Goodwill [35]
1 year ago
5

Why is Eagle Bank's 1-year CD the only account

Business
1 answer:
Rudik [331]1 year ago
7 0

Eagle Bank's 1-year CD became the only account guaranteed to return $22 in interest on a $1,000 deposit because a typical CD earns about 1.5% or less instead of 2.2%.

<h3>What is a CD?</h3>

A certificate of deposit (CD) is a special bank savings account that earns interest on a lump-sum deposit for a predetermined period of time without withdrawals until the due period.

CDs are among the lowest-risk investments as they do not lose value if a bank fails based on the Federal Deposit Insurance Corporation (FDIC) insured guarantee.

Thus, Eagle Bank's 1-year CD became the only account guaranteed to return $22 in interest on a $1,000 deposit because a typical CD earns about 1.5% or less instead of 2.2%.

Learn more about Certificate of Deposit at brainly.com/question/1874937

#SPJ1

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The Refining Department of Crystal Cane​ Sugar, Inc. had 73 comma 000 tons of sugar to account for in December. Of the 73 comma
soldier1979 [14.2K]

Answer:

67,600 tons

Explanation:

Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units  = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Conversion

Equivalent Units  = 55,000 + 18,000 x 70% = 67,600 units

6 0
3 years ago
If some of a person's wealth is in cash, it follows that Select one: a. this person's monetary wealth will change as the price l
kvasek [131]

Answer:

The answer is A.

Explanation:

If a person's wealth is in cash, price level changes in the economy will definitely affect the his monetary wealth.

Price level changes arise as a result of inflation. Increase in general price level in the economy will reduce the purchasing power of the cash. For example, a good that used to sell for $2, it now goes for $5.

And if there is decrease in general price level, the purchasing power of the cash will increase.

8 0
3 years ago
The difference between monopolistic competition and pure monopoly is that in comparison to monopolistic​ competition, pure monop
RSB [31]

Answer: one firm, a unique product, price control, and entry barriers. (C)

Explanation:

A pure monopoly is a form of market structure where there is only one company that is the single source for a product and no close substitutes for the product. Pure monopolies are rare and for a pure monopoly to exist, there must be barriers to entry which prevents competitors.

Monopolistic competition is a form of imperfect competition where there are many producers selling products which are differentiated from one another maybe by quality or branding and therefore are not perfect substitutes. Monopolistic competition has fewer firms, some price control.

7 0
2 years ago
Read 2 more answers
Michael, a citizen of Ireland, and Nina, a citizen of the United States, enter into a contract. When Nina breaches the contract,
Luda [366]

Answer:

The answer is: principle of Comity

Explanation:

The principle of Comity refers to legal reciprocity between different jurisdictions. This means that one jurisdiction will extend courtesy (recognize their executive, legislative and judicial acts) to other jurisdiction within the same country or foreign nation.  

8 0
2 years ago
Why do dogs twirl before the sleep?
Elan Coil [88]

Answer:

Turning around before bedtime has its origin mostly in evolutionary history where dog ancestors were practicing these habits for health or protection. These innate habits remain in their genetic code to this day, but if your dog is seeming to be doing it excessively, it could be a sign of underlying medical problems, such as arthritis or neurological disorders.

Explanation: i hope this answer your question

5 0
2 years ago
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