1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mr Goodwill [35]
2 years ago
5

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

Business
1 answer:
Rudik [331]2 years 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

You might be interested in
The following companies and scenarios are fictional. In each case, you are to demonstrate graphically the change in the model an
SashulF [63]

Answer:

The fact that Becky Bongos sales are falling continually even though they keep decreasing the price shows that <em>the underlying problem is not as a result of the customers' dissatisfaction with price</em>. The underlying problem can be any <em>other factors like not paying attention to customers' needs, poor quality of the commodity, lack of proper marketing, and the presence of a superior competition</em>. The solution is not the reduction of price but rather, a closer look should be paid to these other factors.

7 0
3 years ago
Suppose market forces outside of the control of the Chinese government are causing the price of Chinese yuan in terms of Japanes
pochemuha

Answer:

A. file a pegging application with one of the three international currency-management agencies.

8 0
3 years ago
A company is 40% financed by risk-free debt. the interest rate is 10%, the expected market risk premium is 8%, and the beta of t
Evgen [1.6K]
What is the question? i need more details to helpp you properly
6 0
2 years ago
Inventory shrinkage as a result of theft, damage or obsolescence that is discovered during a physical inventory count at the end
san4es73 [151]

Inventory depreciation due to theft, damage or obsolescence discovered during the physical count of inventory at the end of the accounting period is recorded with a decrease in inventory only in the perpetual system.

Depreciation Inventory is defined as the difference between the amount of inventory listed on the books and the actual inventory that is physically present; Such depreciation usually occurs due to theft, damage, or miscalculation.

If you own your own retail business, you may face theft, shoplifting, or other forms of fraud, leading to unexpected inventory losses. Loss of inventory is a huge problem for any business that carries physical goods. Without control and monitoring, there is no way to track down the root cause of inventory shrinkage in your business.

You can learn more about Depreciation Inventory here brainly.com/question/28205327

#SPJ4

8 0
11 months ago
In order to open a car wash, Aamina decides to obtain funds through debt financing. which if the following ways can she pursue t
Veseljchak [2.6K]

Answer:

d. through bonds

Explanation:

Debt financing is a way of raising money by selling debt instruments to investors such as bills, notes or bonds. The company will pay back the debt instrument with some interest after a certain time. Debt financing is the opposite of equity financing where the company selling stocks and share ownership of the business.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Money demand refers to a. how much income people want to earn per year. b. how much currency the Federal Reserve decides to prin
    7·1 answer
  • Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Com
    12·1 answer
  • Which of the following investment plans best reflects diversification? Ben has an investment portfolio with numerous stocks and
    7·1 answer
  • A city levies property taxes of $500,000 for its General Fund for a year and expects to collect all except the estimated uncolle
    10·1 answer
  • Which of the following is true of packaging and labeling?a) An advantage of packaging is the low cost required for the process.b
    10·1 answer
  • Opportunities for college graduates in international business continue to decrease as it gets more expensive to travel abroad.
    15·1 answer
  • Detroit Foundry, a large manufacturer of heavy equipment components, has determined the following activity cost pools and cost d
    7·1 answer
  • Match the following theories to their best descriptive statements: A. Cost benefit analysis for finding the best possible result
    15·1 answer
  • Show the change in the market for gasoline that is consistent with the following statement:
    13·1 answer
  • Cash receipts and cash disbursement budgets for a government: Should be prepared monthly or as needed to enhance cash management
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!