A and B are NOT true of credit cards
<h3>Further explanation
</h3>
Credit card is a card that have a function to borrow money against a line of credit. When you want to buy something, a sales clerk uses your credit card to charge the money needed to their account, so the you will pay later.
Credit cards can be charged a fee if you are late making a monthly payment. For example if you're late to do credit card payment, the next billing statement will include a fee for the late/missed payments. Late fees can be as high as $39, but it depends on your credit card's late fee policy and whether or not it's your first time being late in the past six months.
Credit cards also provide some offer rewards, like cash back or airline miles. The differences between the airline miles and cash back is, the airline credit cards, on average, provide much better short-term value, while cash back cards are better for long-term.
. They offer the highest level of fraud protection and B. They are the best payment type to use when trying to stick to a budget are
A and B are NOT true of credit cards. Credit cards IS much safer method of payment in terms of fraud. Also credit cards are not the best payment to use when trying to do stick on a budget
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<h3>Answer details</h3>
Grade: 9
Subject: business
Chapter: credit cards
Keywords: credit cards
Answer:
False .It is called budget
Explanation:
Budget is used to estimate total costs of the project and it includes a detailed estimate of all costs that are likely to be incurred before the project is completed.
This is used for resource planning and control at every stage of the project and if there is any deviation ,this must be clearly justified by the project manager.
Medium of exchange because it's the purchase that is in question here
Answer:
Fiscal investors.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Under globalization, a fiscal investor refers to an independent business that facilitates or enhances foreign exchange trades between two or more countries.
This ultimately implies that, fiscal investors are institutions or business firms that make it possible for foreign exchange to take place with respect to the buying and selling of goods and services between countries.
Answer:
The size of the futures position should be 64.2% of the size of the company’s exposure in a three-month hedge.
Explanation:
As given,
The standard deviation of quarterly changes in the prices of a commodity = $0.65
The standard deviation of quarterly changes in a futures price on the commodity = $0.81
The coefficient of correlation between the two changes = 0.8
Now,
Optimal hedge ratio = 0.8×
= 0.8×0.80 = 0.6419
⇒Optimal hedge = 0.6419 ≈ 0.642 = 64.2 %
⇒The size of the futures position should be 64.2% of the size of the company’s exposure in a three-month hedge.
