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Naddika [18.5K]
3 years ago
8

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

Business
2 answers:
svet-max [94.6K]3 years ago
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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How does the price range affect the elasticity of demand for a product?
Keith_Richards [23]

Answer:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

Explanation:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

7 0
3 years ago
You are opening up a brand new retail strip mall. You presently have more potential retail outlets wanting to locate in your mal
ExtremeBDS [4]

Answer:

A) Profitability index.

Explanation:

Based on the scenario being it can be said that the most appropriate tool to use in this specific situation would be a Profitability index. This is a ratio that weighs the payoff to the investment of a specific project. It is allows individuals to rank projects on the amount of value that they will be getting from them. Thus allowing you to choose the most optimal projects in situations such as this one.

7 0
3 years ago
Dumphy and Funke are rival tattoo artists in the small town of Feline. There are no other tattoo artists in town. It costs $30 t
inysia [295]

Answer:

<u>Part a:  What will be the equilabrium price that Dumphy and Funke will charge?</u>

Answer: Price charged = $30

<u>Part b: What are the profits for Dumphy and Funke at the equilibrium price?</u>

Answer: Profit on equilibrium price = $0

<u>Part c: What type of competition would Funke and Dumphy likely engage in after the decrease in demand?</u>

Answer: Price competition

Explanation:

<u>Part a:  What will be the equilabrium price that Dumphy and Funke will charge?</u>

Answer:

Price charged by each of the artists will be equal to their marginal cost.

Thus, equilibrium P = MC = $30.

<u>Part b: What are the profits for Dumphy and Funke at the equilibrium price?</u>

Answer:

Equilibrium profits will be 0 at the equilibrium because price charged is equal to MC, leading to no profits.

<u>Part c: What type of competition would Funke and Dumphy likely engage in after the decrease in demand?</u>

Answer:

Price competition - as changes in price will lead to changes in demand and thus sales

5 0
3 years ago
At the annual holiday party, ABC Airlines gives awards to employees to recognize examples of "going above and beyond" to serve c
IgorLugansk [536]

Answer: rip kobe

Explanrioation:

6 0
3 years ago
Which type of accounting information is intended to satisfy the needs of external users of accounting information
hoa [83]

The type of accounting information intended to satisfy the needs of external users of accounting information is the Financial accounting.

<h3>Financial accounting</h3>

Financial accounting is the field of accounting concerned with the summary, and reporting of transactions related to a business.

In comparison with other fields, Managerial accounting includes accounting of cost, and intended for the use of internal users of the business.

Tax accounting is specifically intended for tax.

Therefore, it is financial accounting that is intended to satisfy needs of external users in a business.

Read more about<em> accounting</em> here:

brainly.com/question/24357323

3 0
2 years ago
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