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3 years ago

Morgan is moving to a new city. Select all of the factors she should consider when selecting a new financial institution.

2 answers:

7 0

Fees- Everything has a cost. Especially institutions, that are public.

Minimum Balance needed in an account-
If you are considering to buy anything, be sure to know your average amount of dollars you have, to know how much money you can spend. Be sure to have some left over.

Interest rates- The percentage you are being charged for. Be sure to have money left over for it.

Services- Pick the best services.

White raven [17]3 years ago

5 0

Answer:

minimum balance needed in an account, ATM's available, services, fees, and FDIC insured

Explanation:

Minimum Balance Needed in an Account-This allows her to know if she is even eligible for the insitiution due to her spending habits. If she doesn't think she's able to have that minimum amount at all times, then it will result in avoidable fees.

ATM's Available-This way she can know how accessable her money is to her. Based on her needs, she may need it to be more accessable. This is a factor in deciding which institution to use because some banks charge fees for using other banks ATM's.

Services-When joining a new institution, you want to know what they're able to do for you. If you want a financial institution with a safe deposit box and the one you're considering doesn't have them, you know it's not the right fit.

Fees-When choosing an institution, it's best to know upfront the amounts you are at risk of paying. There may be months were mistakes happen and you need to pay the fees.

FDIC insured-If something happens to the institution, you want to know that you are able to get a portion of your money back. This protects you from losing everything.

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a. The self-driving vehicle industry is changing too much for the top-down approach to be effective.

b. The top-down approach can only be applied to specific business functions.

c. The top-down approach leaves other employees uncertain about their roles in the company.

d. The top-down approach is expensive to maintain, leaving the company at a competitive disadvantage.

Answer:

a. The self-driving vehicle industry is changing too much for the top-down approach to be effective.

Explanation:

The top-down approach is a model in which there is a hierarchical style and the decisions are made by the manager and then informed down the organizational chart and the lower levels have to accept the decisions. In this approach, people in the lower levels have low participation and influence on the decisions and as the firm's industry is changing too much, this people would posses crucial information and specialized knowledge that the top level might not have and because of that, this approach might not be effective. According to that, the answer is that this scenario is wrong because the self-driving vehicle industry is changing too much for the top-down approach to be effective.

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3 years ago

When you take a multiple-choice test, you are relying on ________, a means of retrieving information out of your long-term memor

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The answer is recognition.

Recognition is one of the three processes of memory, the other two are encoding and storage. Recognition is the process of retrieving information from the past to use it in an actual situation.

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3 years ago

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2 years ago

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4 years ago

Subprime lending means lending to borrowers and charging interest that is below the current prime interest rate.

STALIN [3.7K]

Answer:

False

Explanation:

Subprime lending means lending to borrowers and charging interest that is above the current prime interest rate.

The current prime interest refers to the rate offered to the best credit rated customers based on their credit history. This rate is lower as it is meant to be an attraction for the customers who are good credit payers and takers.

The sub-prime lending refers to giving loans at a rate higher than current prime interest rate to the borrowers who are lower on credit rating. This lending takes on higher risk and hence thereby charges higher interest from the borrowers.

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3 years ago