Answer:
Debit Card Debt.
Explanation:
Currently, there is a lot of options that you can use in order to obtain loan. But the one that most commonly used are Credit Cards and Debit cards
There is a crucial difference between Credit Cards and Debit cards:
- Debit Cards are issued by the bank. In order to get you have to open an account and deposit a certain amount your money. The amount of the money that you deposit will basically be the limit on how much 'debt' you can take by using the debit card. The amount of money from transaction that you do will be directly subtracted from the balance of your account.
- when you use Credit Card, the amount of money from the transaction will be billed to you at the end of each month or years. The amount wouldn't be directly subtracted from the account.
Answer:
A. You would choose Bank A because its EAR is higher
Explanation:
Bank A pays 3% interest compounded annually on deposits, while Bank B pays 2.25% compounded daily
EAR of Bank A = 3%
EAR of Bank B = (1+2.25%/365)^365 - 1
EAR of Bank B = 2.275% effectively annually
Based on the EAR (or EFF%), which bank should you use?
You would choose Bank A because its EAR is higher.
Answer:
The price of pedicure in 1954 = $4.89
Explanation:
The price of pedicure in 1954 = (CPI in 1954 ÷ CPI this year) × Price today = (26.7/245.9) * $45 = $4.89
Therefore, a pedicure cost $4.89 back in 1954.
Answer:
The correct answer is letter "A": True.
Explanation:
An echo check is an error-detection test. With this technique, a computer sends data to a different computer of the same network hoping to get a response to verify the correct reception. Besides confirming data breakups, it is useful to reduce data loss during line issues.
An extended period of little or no growth in GDP, wages, and prices is a period of stagnation.
When real economic growth is less than 2% annually it is considered stagnation. Stagnation is a prolonged period of little or no growth in an economy. This no growth economic period affects various sectors of the economy such as GDP, wages, prices etc.
Stagnation can occur as a temporary condition, such as a growth recession or temporary economic shock. Stagnation is a situation which occurs within an economy when total output is either flat, declining, or growing slowly.
Hence, stagnation in economy can occur due to a number of causes.
To learn more about stagnation were:
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