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dem82 [27]
1 year ago
10

When selecting a savings account, you should consider the interest threshold. O True O False

Business
1 answer:
ElenaW [278]1 year ago
8 0

True. You should consider the interest threshold while selecting a savings account.

Interest thresholds are the maximum amount that you can keep in your savings account, also referred to as the threshold limit. This means that it is important to choose an account that holds the threshold at an amount that is convenient and suitable to your needs.

The other criteria that need to be taken into account while choosing a savings account are:

  1. fees and penalties
  2. lowest balance
  3. interest rates and interest caps
  4. fluctuating interest rates
  5. (APY) annual percentage yield
  6. (APR)  

Simple financial transactions are one benefit of a savings account, as well as interest payments, ATM and debit card services, chequebook and passbook services, net banking and mobile banking, and a minimum average balance.

Learn more about a savings account here: brainly.com/question/4089097

You might be interested in
The new york stock exchange, where financial investors buy and sell existing stock, is an example of _______.
storchak [24]

The new york stock exchange, where financial investors buy and sell existing stock, is an example of the secondary market.

A market is a composition of structures, institutions, approaches, social family members or infrastructures whereby parties interact in trade. at the same time as events can also alternate goods and offerings by way of barter, most markets depend upon dealers imparting their goods or offerings to shoppers in exchange for money.

A marketplace is an area wherein consumers and sellers can meet to facilitate the alternate or transaction of goods and offerings. Markets may be bodily like a retail outlet, or virtual like an e-store. other examples include illegal markets, public sale markets, and financial markets.

Learn more about market here:brainly.com/question/25754149
#SPJ4

8 0
2 years ago
On January 1, The Long Island Crystal Company (LICC) issued 500,000 shares at $27.15 per share. (Issued means they are actually
zhenek [66]

Answer:

$0.00

Explanation:

LICC company issued the share and gave them to the officer, ABLE. During the same year, the condition on the stock is met to sell them, and ABLE exercises this option. LICC custody of the stock ends when the condition is met and ABLE can sell the shares.

These stocks belong to ABLE and selling these shares will impact their income tax, not the company. ABLE is a different tax-subject than LICC. Thus, LICC income taxes do not absorb the gain on sale in this transaction.

4 0
3 years ago
Airline Accessories has the following current assets: cash, $99 million; receivables, $91 million; inventory, $179 million; and
VikaD [51]

Answer:

3.10; 1.53

Explanation:

Total  Current Assets:

= Cash + Receivables + Inventory + Other Current Assets

= $99 + $91 + $179 + $15

= $384 million

Total Current Liabilities:

= Accounts Payable + current portion of long-term debt

= $92 + $32

= $124 million

Current Ratio:

= Total Current Assets ÷ Total Current Liabilities

= $ 384 ÷ $ 124

= 3.10

Acid Test Ratio:

= (Cash + Accounts Receivables ) ÷ Current Liabilities

= $(99 + 91) ÷ $124

= 1.53

7 0
4 years ago
Asok's AGI for 2018 is $133,050. Included in this AGI is a $45,000 25% long-term capital gain and a $13,000 0%/15%/20% long-term
aliya0001 [1]

Answer:

45,000 × 25/100= 11,250

Now we add 15% to 20% =35%

13,000 × 35/100 = 4,550

Taxable income = 133,050 + 11,250 = $144,300

Tax liability = 11, 250 already calculated

Tax savings will be 4,550 + 133,050 = 137, 600

4 0
4 years ago
Social capital facilitates _______________. a. how the organization will spend its money b. the decision of whether to adopt a n
zvonat [6]

Answer: Option C

 

Explanation: Social capital refers to the additional success an organization get due to its positive relationships and communication network both within and outside the organisation. It is not a decision making but an ongoing process and is considered necessary in modern business environment.

The media houses could affect the business operations at a high level. Thus, positive relationships with the media houses can bring the organisation an edge over its competitors.

As it is related to relationship building and management it could be facilitated by the social capital.

 

7 0
4 years ago
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