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Papessa [141]
3 years ago
11

Q 8.3: When would a credit card holder be entitled to lower interest charges? A : When the card company calculates finance charg

es from the date of purchase to the date the amount is paid. B : When the card company allows cardholders to skip payments on their cards. C : When the card company allows a grace period before interest is accrued. D : When the card company states interest as a monthly percentage rather than an annual percentage.
Business
1 answer:
Yanka [14]3 years ago
5 0

Answer: Option  C  

       

Explanation: The given question relates to the concept of time value of money which in simple words states that the value of money decreases over time. The value of a dollar today will be less than tomorrow.

Hence if a card holder gets grace period to pay the interest before the interest accrues than it means he actually gets to pay lower interest that he could have paid before.

Hence from the above we can conclude that the correct option is C.

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In a 100-percent reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount
MariettaO [177]

Answer:

a M1 would not change.

Explanation:

the checkable deposits are part of M1 as well as the currency and coins. Therefore, a component of M1 decrease (currency) while another of M1 (checkable deposits) increase.

As the banking system works with a 100-percent required reserve there is no multiplier effect from the deposit therefore M1 do not change.

8 0
3 years ago
What are currency exchange rates based on..
Mumz [18]
Currency exchange rates based on many different factors. These factors are interest rates, inflation, public debt, deficits, terms of trade and political stability or the economic performance. Due to the many factors that affects currency exchange rate, it is almost impossible to predict where it is heading.
4 0
3 years ago
Read 2 more answers
Castillo Corporation, a manufacturer, reports costs for the year as follows: Direct Materials Used $735,000 Wages to Line Worker
Alekssandra [29.7K]

Answer:

The correct answer would be option C, $26000

Explanation:

There are a lot of costs associated with the production, Advertisement, Sales, etc of a product. These costs acts as the overheads for the company. If there is a cost which cannot be capitalized into Inventory, Prepaid expenses, or fixed assets, it is called as the Period Cost. Good examples of Period costs are Advertisement expenses, Selling Expenses, etc.

In the given question, Office Rent is the such type of a cost which cannot be capitalized into above mentioned accounts. Office Rent comes under the period cost category. So the correct answer is $26000.

6 0
3 years ago
6.<br> with a traditional bank, who is bearing the risk of the borrower defaulting?
Vikki [24]
The lender is bearing the risk on defaulting the loan
4 0
2 years ago
I'maGoldMiner has benefited from a record rise in gold prices in the global commodities market. While the price of its output is
Svetllana [295]

Answer:

I'maGoldMiner has benefited from a record rise in gold prices in the global commodities market. While the price of its output is highly influenced by market speculation, if it wants to increase production to take advantage of the current profit-maximizing opportunity, the company must accept market price for its physical capital input.

Explanation:

Actually, the market of gold is very speculative and in general  a "gold mines" has to accept market prices because they can't influence in them as in the case of I'maGoldMiner because it represents a small part of the market.

3 0
3 years ago
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