1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
White raven [17]
3 years ago
9

1. What are some considerations in choosing a financial institution? Which one do you think would be the most important consider

ation for you in choosing a financial institution?
2. What are the pros and cons of U.S. savings bonds?
3. What are some of the problems that individuals might face if they use one of the "problematic" financial institutions?
4. What are some of the consumer protections available? What can individuals do to protect themselves?
5. What are some of the advantages and disadvantages of choosing a federally-insured account?
Business
1 answer:
Greeley [361]3 years ago
3 0
1. In choosing a financial institution you must consider how frequently the bank responds, how long they operate on the weekends, the notary services they are offering, the loans you can get and their financial strength among others. The most important factor to consider would be the institution's financial strength since you must only put your trust in institutions with high strength.

2. One good thing about the U.S. savings bonds is their security and the fact that the investments that you will make in these bonds will not cost you any form of state or local taxes. Cons would include its complexity though as it can get hard for you to identify when the bonds will mature, their interest rates, when to know how to cash them, and their current value.

3. If you put your trust in the so-called "problematic" financial institutions, you are basically gambling your money away. First of all, as mentioned earlier, you must only put your trust in banks with a healthy financial strength since problematic ones will be unreliable and unsafe. Trusting them can lead to your money being stolen or you can also be bombarded with additional fees.

4. The state and local government have laws that will protect the consumer from unfair practices or frauds. As an individual, you can add more security to protect yourself and your money. This protection includes setting up alerts on your bank account, adding a two-step verification on your emails so no one can access it easily, as well as avoiding calling lists.

5. One major advantage is that the Federal Deposit Insurance Corporation has a $100,000 guarantee per institution so your investment won't be totally gone during unfortunate circumstances. The disadvantage, on the other hand, is that the interest rates on federally-insured accounts are below the inflation rate so you can expect a decrease in the value of your money over time.
You might be interested in
The concept which refers to the idea that individuals rise to their lowest level of incompetence is the?
Ne4ueva [31]

The Peter Principle is an observation in most organizational hierarchies such as: That of the company is that each employee works his way up the hierarchy through promotions until he reaches the appropriate level of incompetence.

1. Lack of legal capacity, especially to testify or bring to trial. Also called "impossible". It can be caused by various kinds of disqualification, incapacity or incompetence. A court may appoint a guardian for a person found to be unsound by a formal hearing.

The definition of incompetent is a person or something that is unqualified, inadequate, or inadequate for a particular purpose. An example of incompetence is someone who is behind the wheel of a manual transmission car and does not know how to operate a stick shift. Lack of qualities necessary for effective action or action.

Learn more about incompetence at

brainly.com/question/20877550

#SPJ4

7 0
1 year ago
Dividends cause a(n) increase/decrease)_________ in equity and are recorded directly in
Artyom0805 [142]

Answer:

Decrease (debit) in equity, Cash Dividends Payable (credit, liability account)

Explanation:

The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account).

(opentextbc.ca)

6 0
3 years ago
Campus Bus Service entered into a contract with Smith Bus Company to purchase 10 buses. One week before Campus Bus was scheduled
dangina [55]

Options:

  • Smith Bus should be excused from performance under the clause for the rights on improper delivery
  • Smith Bus should not be excused from performance because it did not act in good faith
  • Smith Bus should be excused from performance under the test of commercial impracticability
  • Smith Bus can exercise its right of anticipatory repudiation

Answer:

Correct answer is Option c.

<u>Smith Bus should be excused from performance under the test of commercial impracticability </u>

Explanation:

In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.

5 0
3 years ago
Question #2
AysviL [449]

Answer:

the answer is B.

Explanation:

7 0
3 years ago
5. Successive US administrations have accused the Chinese government of manipulating their currency (Yuan) to
k0ka [10]

A weaker Yuan against the US dollar makes Chinese exports cheaper, increases demand, and makes US exports to China more expensive, thereby reducing the demand for US exports.

<h3>What is international trade?</h3>

International trade is the global exchange of goods and services among countries of the world, involving the use of the foreign exchange.

The three types of international trade are:

  • Export Trade
  • Import Trade
  • Entrepot Trade.

Thus, by manipulating the Yuan, the Chinese government ensures that it has a more competitive advantage over the United States in international trade.

Learn more about Chinese Yuan Manipulation at brainly.com/question/27858412

#SPJ1

5 0
2 years ago
Other questions:
  • Which of the following ratios appears on a common-size balance sheet? I. Debt to asset ratio II. Net working capital to total as
    8·1 answer
  • One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per
    13·1 answer
  • All of the following are true regarding variance investigation except: a.every variance is investigated. b.managers must conside
    7·1 answer
  • Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $25,000. What is the amount of
    10·2 answers
  • In 2018, internal auditors discovered that Fay, Inc., had debited an expense account for the $700,000 cost of a machine purchase
    7·1 answer
  • If the federal reserve lowers the federal funds rate, what will happen to bank savings account?
    10·1 answer
  • "Strategies to slow the entry of competitors are important if an organization is entering an industry during the _____ stage of
    11·1 answer
  • The two major kinds of online speech is discussed in your textbook are
    14·2 answers
  • Risk is best thought of as the potential for variability in the investment’s outcomes. This means that if an investment has the
    15·1 answer
  • Assume the following data for Oshkosh Company before its year-end adjustments:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!