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3 years ago

What can be a cost of opening a basic checking account?

Business

2 answers:

ivanzaharov [21]3 years ago

5 0

Answer: High Fees

Explanation:

Checking accounts are very useful to the common person because of the liquidity they offer. With a Checking account, you are able to make withdrawals whenever you want by way of checks or ATM cards as many times as you want. Electronic transfers are available and depositing is quite simple.

In exchange for this high Liquidity though, the account receives low interest and can be subject to quite a number of fees.

Depending on the bank there are different fees attached with some of the most common being, Card processing fees, electronic and mobile banking fees, Overdraft fees, Maintenance fees and sometimes even a fee for letting the account drop below a minimum value.

dedylja [7]3 years ago

4 0

The CORRECT ANSWER is "check writing limits" I just took the test:) Hope this helps

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Explain the ways in which Fiscal Policy and Monetary Policy interact by using Keynesian IS and LM curves. Discuss the impact of

statuscvo [17]

Answer and Explanation:

If demand is greater than supply, then there is inflation. Hence, the government has to devaluate its currency on net borrowings from abroad. Supply increases and price becomes stable.

The banks have to lower their bank rate and decrease CRR. When prices rise, consumption decreases and investment increases. When the interest rate is made high consumption and investment both become stable. Hence, there is full employment. Government has a fiscal policy to increase taxes and borrowings and increase the export and income rises and price becomes stable.

6 0

3 years ago

Whether an existing business process is being improved or a completely new business process is being created, the first step in

PIT_PIT [208]

Answer:

A) define the goals. (part of define the problem)

Explanation:

The 5 stages of the Six Sigma process (DMAIC) are:

<u>D</u>efine the problem: involves defining the problem statement ⇒ the reasons for creating or improving the process ⇒ define the goals of the process ⇒ establish a timeline ⇒ determine the scope of the project ⇒ choose the team that will be in charge of carrying out the project.
<u>M</u>easure or quantify the problem.
<u>A</u>nalyze and identify the cause of the problem.
<u>I</u>mprove by solving the root cause of the problem and verify the improvement.
<u>C</u>ontrol the improvements and pursue perfection.

8 0

3 years ago

A seller wants to sell her existing house and owes $290,000 on mortgage. At closing of the sale she will pay $1,400 in closing c

mote1985 [20]

Answer:

$ 363,880

Explanation:

The seller must cover the mortgage, closing costs, and brokerage fee. Once these expenses are covered, the down payment is added. This adds the minimum amount for the house price.

Mortgage 290,000

Closing costs 1,400

Brokerage fee <u> 17,400</u> (6% * 290,000)

<h3>Total Expenses 308,800</h3>

Down payment <u> 55,000</u>

<h3><u>Minimun price</u> 363,880</h3>

6 0

3 years ago

French mining engineer Henri Fayol defined management as a process involving which of the following?

AleksandrR [38]

Answer:

Option D

Explanation:

As per French mining engineer Henri Fayol, management as a process involves five elements -

a) Planning

b) Organizing

c) Commanding (leading)

d) Coordinating

e) Controlling.

Hence, all the three elements i.e Planning, organizing and Leading are present

Hence, option D is correct

8 0

3 years ago

Hi Tech Products has 35,000 bonds outstanding that are currently quoted at 102.3. The bonds mature in 11 years and carry a 9 per

Xelga [282]

Answer:

aftertax cost of debt =5.63%

Explanation:

fisrt we need to know the formula for the yield to maturity

Yield to maturity (YTM)

YTM= ( I+(F-P)/n ) / ( 0.6P +0.4F)

YTM= (9 + ( 100-102.3) / 11 ) / (0.6*102.3 + 0.4*100)

YTM= 0.0867

YTM= 8.67%

after taxes we have...

8.67% (1-0.35%)

=0.0563

=5.63%

6 0

3 years ago