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irinina [24]
3 years ago
13

What happens to the interest rate after six months for credit card #1? 2. Which credit cards have an annual fee? 3. Is the grace

period the same for each of these credit cards? 4. What fees does credit card #3 have that the other cards do not? 5. Let's assume that you pay your credit card bill on time and you pay the balance each month. Which credit card is the best for you? 6. Let's assume that you have a balance from time to time. Which credit card is the best for you?
Business
1 answer:
Andrews [41]3 years ago
7 0
<span>If you use a credit card and don't know the ins and outs of the grace period, you risk taking an awkward financial pratfall. Capitalizing on the grace period's break on interest charges can save the typical cardholder a couple hundred bucks a year. But the savings aren't automatic and, according to an October 2013 report by the Consumer Financial Protection Bureau, it's "unclear whether consumers understand" the grace period's wily ways. "It's basically an interest-free period, but only if you pay your balance by the due date," said Nessa Feddis, general counsel at the American Bankers Association. Learn to use grace period What it is: The grace period is the window of time from the end of your billing cycle to the due date for that cycle. Paying your new balance in full by the due date triggers a break on interest on new purchases during the current billing cycle -- if you pay in full consistently. While the grace period is referred to as an interest free period, the break on interest extends to the dates that purchases are made and posted to your balance. Wiping out your monthly balance sounds simple, but it can be tricky if you don't already make a habit of it. Regaining the benefits of the grace period after even one month of carrying a balance can be confusing. And there are exceptions and pitfalls to watch out for. Paying in full during the grace period doesn't give you a break on cash advances or convenience checks, which, unlike purchases, usually begin building up interest immediately. Some balance transfers may also be excluded from a grace period, depending on the terms of your card. Grace period is a holdover Credit cards aren't required to provide a grace period, but almost all of them do, with the typical period being at least 25 days -- the norm for major issuers. If your due date falls on a weekend, the deadline extends to the next business day. Cards that do provide a grace period are required to mail your bill at least 21 days before your payment due date, under the CARD Act. "It's a holdover from the origins of credit cards," Feddis said. "People would make a purchase at the store (on credit), and stores would allow people to pay at the end of the month." The local grocer probably didn't want to calculate interest with a pencil stub on a brown paper bag, any more than his customers wanted to pay it. These days, calculating a daily periodic rate is a breeze for computers, yet most card companies continue to offer a grace period "because people are accustomed to it," Feddis said. If you currently struggle to make the minimum monthly payment on your cards, it will take some work on your budget to get to the point where you can pay in full and qualify for the grace period. About 18 percent of Americans pay the minimum due each month, according to an analysis by the credit bureau TransUnion. At the other end of the spectrum, 42 percent regularly pay their full balances, capturing the benefit of the grace period's "free" loan from their credit cards. That leaves 40 percent in the middle who pay more than the minimum, but less than the full balance. Paying more than the minimum is never a bad idea -- it will always reduce your interest costs. But if your budget allows, paying enough to wipe out your monthly balance entirely will boost your savings quite a bit more</span>
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D. Shareholders, companies, and the economy is the answer.

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3 years ago
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If Hosne and Merve switch from each person dividing her time equally between the production of purses and wallets to each person
ddd [48]

Answer / Explanation

The question is incomplete as the options of answers were not given. Kindly kind the complete question with the answer options below.

If Hosne and Merve switch from each person dividing her time equally between the production of purses and wallets to each person spending all of her time producing the good in which she has a comparative advantage, then total production of purses will increase by

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Explanation:

To properly interpret this question, we will have to define some terms which includes:

Comparative Advantage: comparative advantage simply refers  to a country economy or a country economic ability to produce goods and services at a cost lower or lower opportunity cost than its counter parts or other country trade partners.  A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins.

If we refer back tot he question considering the effect of comparative advantage, the answer will be 3 out of the given options that complete the question.

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2 years ago
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Answer:

b. cost of capacity

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c. Arrival rates: the time each customer arrives for the service.

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