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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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nekit [7.7K]

The amount that the insurance company will pay is $960.

<h3>What is insurance?</h3>

.It should be noted that insurance simply means a way that's used to manage risk.

The amount after deduction will be:

= $2200 - $1000

= $1200

The amount that the company will pay:

= 80% × $1200

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2 years ago

Regency Inc. makes disposable cap and gown sets for graduations. Each cap and gown set sells for $15. The average variable cost

melomori [17]

Answer:

The Breakeven point is 13,000 units.

Explanation:

The breakeven point can be found from the following equation:

Breakeven units = Fixed Costs / Contribution Per unit

Here, contribution per unit is $5 per unit which is the difference between the selling price and variable costs per unit.

The fixed cost here is $65000.

By putting the values in the above equation, we have:

Breakeven units = $65,000 / $5 per unit = 13,000 units

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3 years ago

5. Explain what would happen to interest rates if a new process was developed that allowed automobiles to run off oil that was f

harkovskaia [24]

Answer:

When the new processes are developed for manufacturing it results in interest rate fluctuations. However, operational costs would become uncertain which would further affect the total production costs. Thus the value of an investment would be impacted. Automobile demand from the customers will also get affected. thus, fall in interest rate will have a significant and positive affect on the sale of automobiles as well as revenue.

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4 years ago

Theo wants to have $40,000 for a down payment on a house five years from now. He can either deposit one lump sum today or he can

juin [17]

Answer:

$1932.37

Explanation:

To find out how much additional money he must deposit if he waits for 1 year rather than making a deposit today we need to find the difference:

Difference = Value after 1 year - Present value

We first convert the interest rate percentage by dividing interest rate value by 100

Present Value = $40 000 / (1 + 0.035)5 = $7729.47

Value after 1 year = $40 000 / (1 + 0.035)4 = $9661.81

Difference = $9661.81 - $7729.47 = $1932.37

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3 years ago

Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Chec

Sauron [17]

Answer:

Providing tax breaks and patents for firms that pursue research and development in health and sciences.

Explanation:

The policies that need to be taken care of are the to develop and enhance skills and more smarter R and D functioning. through the development of the infrastructural and international trade.

The business relations and includes taking tax breaks and providing the patents to the forms in the areas of health and sciences and depends on the savings and investment in the new technology and human resources.

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3 years ago