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3 years ago

Which type of bank account is best for everyday transactions

Business

2 answers:

Bingel [31]3 years ago

7 0

Answer:

The correct answer is Checking Accounts.

Explanation:

When choosing an account to use daily, you should always choose a checking account. This is because if our account is going to have movements every day, such as purchases, deposits or withdrawals, this will be the best option.

<u>It would not make sense to use a savings account since if we touched the money in that account constantly</u>, we could not save anything, since the bank would not generate interest.

Given this information, we can say that the best account for everyday transactions is checking account.

Elena-2011 [213]3 years ago

6 0

Answer:

Checking accounts

Explanation:

They are better for everyday transactions such as purchases, bills and ATM withdrawals.They also Have lower interest. Savings Accounts would be better for storing/Earning interest.

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The contract between both of them is rescinded because of mutual mistake. It is because Mark and Dale, the parties of the contract, are both made a mistake about the estimation of the size of the truck. Although Dale and Mark have meeting of minds which is considered the contract to be valid but both they have made mistake, therefore, the contract is voidable.

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3 years ago

Read 2 more answers

A ceiling fan that was purchased at a local hardware store and then is attached to the ceiling becomes _______ to the property.

Alona [7]

Answer:

The fixture, is the right answer.

Explanation:

The “fixture” is the correct answer because the term fixture refers to the piece of equipment or furniture that is fixed in the house or stays at a fixed position in the building. For example, there are many things in the house that are used only at its fixed position like the AC in the room. Once the AC is installed in the room then it is stationary, no one gonna move it from its original place. Likewise in the question, it is about the ceiling fan and the fan is also stationary as it stays at a fix position.

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3 years ago

The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three

Sholpan [36]

Answer:

$ -3,163.04

Explanation:

The net present value is the present value of after tax cash flows from an investment to the amount invested.

The NPV can be found using a financial calculator:

Cash flow in year 0 = -$60,000

Cash flow in year 1- $ 15,000

Cash flow in year 2- $25,000

Cash flow in year 3- $40,000 - $10,000 = $30,000

I = 10%

NPV = $-3,163.04

The project should not be embarked upon because the cost of the project is greater than the present value of the after tax cash flows. The NPV is negative.

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

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2 years ago

4. Suppose the supply of apples sharply increases because of perfect weather conditions throughout the growing season. Assuming

koban [17]

Answer:

Apples supply increase imply new equilibrium at lower price, higher quantity. Demand downwards expansion on the curve itself is due to lower price.

Explanation:

Market is at equilibrium where Market Demand = Market Supply, & downward sloping demand curve intersects upward sloping demand curve.

If supply of apples increase & supply curve shifts rightwards, there is Excess Supply at previous equilibrium. Excess Supply creates competition among sellers, reduces new market price.

At lower price, demand expands & supply contratcs. New Equilibrium quantity is higher where new (rightwards shifted) supply curve intersects demand curve.

Quantity demanded increases (expands - downwards movement on demand curve) due to lower price, despite of no change in demand.

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2 years ago

Money is to an economy what language is to communication. What does this statement mean?

Tasya [4]

Answer:

What does economy of language mean?

Explanation:

The economics of language is an emerging field of study concerning a range of topics such as the effect of language skills on income and trade, and the costs and benefits of language planning options, preservation of minority languages, etc. Language can be an expression of symbolic power.

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3 years ago