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ycow [4]
3 years ago
14

Question: Jane wants to open a brokerage account. What is one thing she should consider when trying to decide which type of acco

unt to open?
Can someone please answer this
Business
1 answer:
CaHeK987 [17]3 years ago
5 0

Answer:

fees

Explanation:

Brokerage accounts are the types of account that grants an individual access to a range of investments that include stocks, and mutual funds. Most of the accounts offer forex and cash management accounts.  

The major thing to consider when opening an account is the fees. There are different types of fees that goes with having a brokerage account and these sums of money differ from one broker to another.

When the account is opened, the broker serves as an intermediary between you and the investments the individual wish to buy.  

You might be interested in
State and city governments have promoted facilities where new businesses can open up shop and share common services such as secr
denis-greek [22]

Answer:

Incubators

Explanation:

In north american context the incubators refers to small places for business provided on low rent.

Basically in the given context, the space for new shops for businesses is given by state and city government, this clearly states that because of involvement of government the prices of such place would be really low as compare to private rental spaces.

This provides that because of this facility incubators will grow.

6 0
3 years ago
Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $
vodka [1.7K]

Answer:

10.38%

Explanation:

The formula to compute the effective annual rate of the loan is shown below:

= (1 + nominal interest rate ÷ periods)^ number of period - 1

The nominal interest rate is shown below:

= $250 × 4 ÷ $10,000

= $1,000 ÷ $10,000

= 0.1

Now the effective annual rate is

= (1 + 0.1 ÷ 4)^4 - 1

= (1 + 0.025)^4 - 1

= 1.025^4 - 1

= 10.38%

Since the interest rate is measured on a quarterly basis, we know there are four quarters in a year and we do the same in the calculation part.

This is the answer but the same is not provided in the given options

4 0
4 years ago
Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan cont
Sphinxa [80]

Answer:

final loan amount = $18,455.86

so correct option is c. $18,455.86

Explanation:

given data

loan = $18000

rate =  10%

time = 3 months

to find out

total amount that Rahul owes the bank at the end of the loan

solution

we know that number of day in 3 months is

number of day = 3 × \frac{365}{12}

number of day = 91.25 days

loan rate = \frac{0.10}{365}

loan load = 0.00027397

now final loan amount will be

final loan amount = loan amount × (1+r)^{t}      

final loan amount = $18000  × (1+0.00027397)^{91.25}  

final loan amount = $18,455.86

so correct option is c. $18,455.86

7 0
3 years ago
An essential consumer skill is being able to ________________________.
umka21 [38]

a. address problems with sellers.

5 0
3 years ago
Read 2 more answers
Al’s Fine Winery has had workers attempting to ban together to form a union. Al’s wants to avoid letting the workers gain too mu
kogti [31]

Answer:

The correct answer is letter "B": Yellow dog contracts.

Explanation:

Yellow dog contracts are those provided by employers in which they and the new hires agree in employees not engaging any activity related to unions while they are under the company's payroll. Yellow dog contracts attempt to avoid the formation of labor unions so the organizations only will have the power in deciding employee benefits, compensations, and working conditions.  

These types of contracts are considered illegal after the Norris-LaGuardia Act of 1932 was enacted.

3 0
4 years ago
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