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JulijaS [17]
4 years ago
15

What is the difference between closed-end credit and open-end credit

Business
2 answers:
Paraphin [41]4 years ago
6 0
Open-credit has no limit while closed credit has a finite limit.
andre [41]4 years ago
5 0
Open credit that you can get more credit you can show it
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Billy-Bob owns a condo in Seattle, and a farm in Yakima. His older brother, Bobby-Lee, has some severe health problems and is un
Eduardwww [97]

Answer: B. Once Bobby-Lee dies, Judy will own the "fee simple" title to the property.

Explanation:

In the Life Estate arrangement, a person is granted use and ownership of a property for as long as they are alive. When they die however, if a Remainder also known as <em>Remainder- man</em> is named, then the property rights transfer to the Remainder- man.

The Remainder-man then gets access to the property and owns in to the highest extent of the law which in common law countries such as the United States, is the Fee Simple title ownership. This gives them the right to basically do what they want with the property.

Bobby-Lee therefore gets the rights to the property but once he dies, his sister Judy will own a <em>fee simple</em> title to the property.

6 0
4 years ago
Which of the following statement shows the financial position of a business entity as on date
svlad2 [7]

Answer:

b) balance sheet

Explanation:

Balance sheet: The assets liabilities and stockholder equity are reported in the balance sheet. The accounting equation that is displayed  below is used in this:

Total assets = Total liabilities + stockholder equity

The balance sheet debit and credit side should always be equal and balanced.  

In addition, it is always prepared on the date specified plus it is also reflects the financial position, financial performance of the company.

8 0
4 years ago
A product whose demand rises when income rises, and vise versa, is a __​
Jlenok [28]

Answer:

A product whose demand rises when income rises, and vise versa, is a Normal Good.

Explanation:

Hope this helps! Have a good day!

7 0
2 years ago
The _____ department or function is responsible for understanding the market (potential customers), making sure the product will
Galina-37 [17]

Answer: Product & Marketing, it can be one or both depending on the organization of the company. Product often sits inside Marketing, so pushed for one word id say “Marketing.”

Explanation:

7 0
3 years ago
Suppose the Federal Reserve (the Fed) announces that it is raising its target interest rate by 50 basis points, or 0.50%. It wou
Olenka [21]

Answer: decreasing money supply; less; decreases.

Explanation:

When the Federal Reserve wants to increase its target interest rate by 50 basis points, this can be done if the Fed reduces the money supply that is in circulation.

This will in turn, lead to a new equilibrium rate and there will also be a decrease in money in the financial system as there'll be a reduction in the quantity of money demanded.

5 0
3 years ago
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