All categories

2 years ago

PLEASE HELP

Business

2 answers:

Lerok [7]2 years ago

5 0

The answer is: A savings account keeps her savings separate from her spending money

This would help Jacinta in her money management. By restricting her spending to the amount only in the checking account, It would be easier for Jacinta to monitor how much money he could spend during the month without compromising the saving that she need to made for her retirement age.

hichkok12 [17]2 years ago

5 0

A savings account keeps her savings separate from her spending money is the answer.

A savings account keeps her savings separate from her spending money will be the best reason for Jacinta to have a savings account in addition to a checking account.

Further explanation:

Savings account:

A savings account is an account in which an amount of money is being deposited with the bank and a certain interest rate is being credited to the account every month.

Justification for the correct and incorrect answer:

A savings account protects her money from overdraft fees: This option is incorrect.

A savings account does not protect money from overdraft fees. As overdraft fees are those charges which are being paid for withdrawn amount exceeding the balance available in the savings account.

A savings account ensures her money under the FDIC:This option is incorrect.

A savings account only saves the money and the bank provides the interest rate accordingly. Federal deposit insurance corporation (FDIC) is an independent agency and if the bank is secured under this, then only it protects from the loss.

A savings account guards her money against inflation: This option is incorrect.

A savings account saves the money of the saver or the account holder. It does not protect or guard money against inflation.

A savings account keeps her savings separate from her spending money: This option is correct.

A savings account keeps her savings separate from her spending money because savings account will save the money which has been deposited and spending amount will be known from her checking account. This will help in money management or better saving of the money.

Thus, a savings account keeps her savings separate from her spending money will be the best reason for Jacinta to have a savings account in addition to a checking account.

Learn more:

1. Savings account

brainly.com/question/2652429

2. Charging fee in case of credit card

brainly.com/question/2668305

3. Consequences of non-payment of monthly credit card payment

brainly.com/question/3211811

Answer details:

Grade: High School

Subject: Business

Chapter: Money and Banking

Keywords: What is the best reason for Jacinta to have a savings account in addition to a checking account, a savings account protects her money from overdraft fees, a savings account ensures her money under the FDIC, a savings account guards her money against inflation, a savings account keeps her savings separate from her spending money

You might be interested in

Compare and contrast the views of big business and conservationists on the use of natural resources

Blababa [14]

Big business views the natural resources as being the means to achieve their own business goals. They believe in exploit natural resources for their own needs. On the other hand, conservationists believe in preserving the natural resources and consider it an important source for human survival.

7 0

3 years ago

The given statements are about monopolistic competition. Indicate whether each statement is true or false. A monopolistically co

Nuetrik [128]

Answer:

1. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location.- True

2.Product differentiation enables a monopolistically competitive firm to have some control over the price of its product- True

3.In the long run each monopolistically competitive firm produces a level of output that results in allocative efficiency.- False

4. In the long run each monopolistically competitive firm produces a level of output that results in productive efficiency- False

5.To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. -True

6. Compared with purely competitive markets, under monoplistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. -True

7.In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.True

Explanation:

3 0

3 years ago

The _____ is responsible for understanding the advertiser's marketing and promotional needs and interpreting them to agency pers

Ganezh [65]

Your answer is account executive

8 0

2 years ago

Read 2 more answers

Suppose that lenders want to receive a real rate of interest of 5 percent and that they expect inflation to remain steady at 2 p

Helga [31]

Answer:

Explanation:

nominal interest rate = real interest rate + expected inflation rate

nominal interest rate = 5% + 2% = 7%

Usually the nominal interest rate has four major components:

real interest rate: the net interest rate received by a lender or an investor
inflation rate: the general rise in the prices of goods and services, as inflation increases, the purchasing power of a currency decreases
liquidity risk premium: usually collateralized loans include a liquidity risk premium since not all assets can be easily converted to cash.
credit risk: possibility of the borrower defaulting the loan

7 0

3 years ago

Tray's job is to survey personnel, customers, and corporate partners regarding what other firms in the market are doing. He also

Basile [38]

Answer:

The correct answer is letter "E": competitive intelligence.

Explanation:

Competitive intelligence refers to gathering and analyzing corporate information that could affect a firm's competitive advantage. Thanks to the information gathered companies can mirror other institution's good practices to increase efficiency and effectiveness, thus, revenue.

3 0

3 years ago