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never [62]
1 year ago
9

Explain how secured credit cards work, including details about the security deposit, how payments work, and why they’re less ris

ky for lenders.
Business
1 answer:
lawyer [7]1 year ago
8 0

The secured credit cards are backed by a collateral deposit against the risk of default in repayment by the cardholder. Each card is liable to be repaid by the cardholder with the amount of purchases being made.

<h3>What is a credit card?</h3>

A card, or a form of plastic money, issued by a financial institution in such a way that the person to whom such card is issued can utilize it to purchase goods and services on credit, is known as a credit card.

A secured credit card is a safe and risk-free form of issue for the issuer, as it is covered by a security deposit as a collateral. Repayment is done either out of the deposits, or by manual payment by the cardholder.

Hence, the significance of a credit cards is given.      

Learn more about credit cards here:
brainly.com/question/1475993

#SPJ1

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Which of the following teams is more likely to be made up of employees from about the same hierarchical level but different work
statuscvo [17]

Answer:

<u>C) cross-functional</u>

Explanation:

  • Aa per the teams that are made up of the different department of work the cross-functional team will be one that is most likely to be from the same hierarchy level of a flat organization but shows a mix of the finance, IT, human resource and telecom, etc, working towards a common goal.
  • Have a high level of groupthink and periodicity and have a greater depth of information and work in a collaborated form may use, multiple channels
6 0
2 years ago
An executive who prioritizes the organization's mission and the needs and goals of subordinates, rather than ego gratification a
julsineya [31]
The executive is exhibiting a mission-driven leadership characteristic.
6 0
3 years ago
Read 2 more answers
tuttle enterprises is considering a project that has the following cash flow and weighted average cost of capital (wacc) data. w
erica [24]

Tuttle enterprises are considering a project that has the following cash flow and the weighted average cost of capital (WACC) data. The projected net present value is 074.36.

A project's net present value is the sum of the destiny values of the net coin flows compounded at the desired fee of going back minus the net funding. if safety gives a series of coin flows with an NPV of $50,000 and an investor will pay exactly $50,000 for it, then the investor's NPV is $0. It method they'll earn something the cut price charge is on the security.

Net present value or NPV is the sum of the prevailing value of coins inflows and outflows. In other phrases, it's far the distinction between the present values of cash inflows and the prevailing value of cash outflows over a while.net gift cost shows how a lot of money an assignment or investment will advantage or lose in terms of the present-day budget. future coins drift would not carefully mirror the current cash drift of an undertaking because of the impact of factors along with inflation and lost compound hobby so NPV adjusts for this reason.

Learn more about Net present value here:-brainly.com/question/18848923

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8 0
1 year ago
Strong language often means
Sav [38]
The answer is b. 

Strong language often means <span>strong feelings on the side of the speaker. Strong language is another way of saying vulgar or foul language, and is usually used by people who are angry.

</span>

<span>Thank you for posting your question. I hope you found what you were after. Please feel free to ask me more.</span>

8 0
3 years ago
Read 2 more answers
The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new
goblinko [34]

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

Cash balance=$6,450

Therefore the balance in Cash for this design service business is $6,450

8 0
3 years ago
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