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katrin [286]
3 years ago
13

Which of the following is not considered a credit..

Business
2 answers:
dalvyx [7]3 years ago
5 0

Which of the following is not considered a credit?

C. Overdraft fee

An overdraft fee is not considered a credit because it is not money coming into your account, it is money leaving your account. When you spend more money than you have in your account, you are charged an overdraft fee for overdrafting your account. Transfer into your account, direct deposit and interest earned are all ways to add money into your bank account.

Alexus [3.1K]3 years ago
4 0

Answer:

The correct answer is letter "C": overdraft fee.

Explanation:

A financial institution charges an overdraft fee when the balance of an account does not have enough funds to make a payment but it does go through. Usually, banks give account holders the freedom to choose if having or not this feature in their accounts since, as the fee is charged every time a transaction goes through when the account has a negative balance, it can lead customers to have potential debts.

In that case, an overdraft fee is not a credit in an account. As a charge, it represents a debit.

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The manager of a consumer products firm said, "We use the brand manager position to train future executives." Why do you think t
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The aggregate demand curve
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<u>B. shows planned purchase rates of goods and services at various price levels.</u>

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5 0
3 years ago
Book store owner, Sandra Walker, has a personal check from one of her customers, payable to The Book Nook. Sandra wants to depos
german

Answer:

see below

Explanation:

Endorsing a check is communicating to the bank how a check is to be cashed. A restrictive endorsement puts limits on how a check or other financial instruments are to be used.

The most common type of restrictive endorsement is for the payee to write the words" for deposit only" at the back of the check. The payee then signs and indicates their account number. This instructs the banks to pay the check amount to that account.

Sandra walker should write the words "for deposits only" at the back of the check. She has to indicate the bank account number for The Book Nook and sign at the back.

4 0
2 years ago
$1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and $3,300 is received at the begi
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Answer:

Their combined future value will be 8,141.59.

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Each deposit is invested at 12%, but for a different amount of years. So, the best thing would be to separate the three, calculate their value at the end of the third year for separated, and then obtain the grand total by adding up the results.

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  • Second deposit = 2,200. It is invested for two years. The value at the end of year 3 is 2,200*(1.12)^2 = 2,759.68
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