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3 years ago

What is a cancelled check?

Business

1 answer:

melisa1 [442]3 years ago

3 0

Answer:

Explanation:

A cancelled check is a check payment for which the stated amount of cash has been removed from the payer's checking account. Once the cash draw down is completed, the bank stamps the check as cancelled. ... Paid by the drawee bank to the payee bank. Cash is paid into the payee's account by the payee bank

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What do payroll taxes help fund? <br> Payroll taxes help fund _______ and Social Security funds.

Lapatulllka [165]

Medicare. I believe that is the answer

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3 years ago

Read 2 more answers

Active monetary policy

irinina [24]

Answer:

Active monetary policy

d. is the strategic use of monetary policy to counteract macroeconomic expansions and contractions.

Explanation:

The option a is not correct as when central banks purposefully choose to only stabilize money and prices levels through monetary policy, then this policy is called as passive monetary policy.
The option b is not correct as it has effect on the economy but not in long run.
The option c is not correct as when central banks take orders from the ruling party on how to conduct monetary policy then it is not an active monetary policy.
The option e is not correct as when central bank use only fiscal policy to try to influence the economy can or can't be active monetary policy.
The option d is correct as the active monetary policy is used to counter the changing economic conditions.

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3 years ago

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ehidna [41]

Huh ??? This ain’t zoo

6 0

3 years ago

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A mortgage broker advertises a 30-year fixed-rate loan at a 2.00% rate. After the borrower arrives at the office and begins an a

Contact [7]

Answer:

Truth in Lending Act (TILA)

Explanation:

Mortgage brokering can be defined as a process which typically involves a mortgage broker acting as an intermediary between a financial institution (mortgage bank) offering loans and an individual that seeks to collect a loan.

This ultimately implies that, a mortgage broker acts as an intermediary (middleman) by connecting a creditor (lender) to those seeking to get a loan (borrower).

The Truth in Lending Act (TILA) also known as Consumer Credit Protection Act (CCPA) is a federal law of the United States of America that was enacted by the 89th US Congress and signed into law by President Lyndon B. Johnson on the 29th of May, 1968.

The main purpose of this federal law (Act) is to protect the consumer while using credit by mandating businesses to provide a full disclosure of the terms and conditions with respect to the credit.

According to the Truth in Lending Act (TILA), businesses are required to explain all collection fees, finance charges, late charges and interest charges up front before the time of service or application process commence.

In this scenario, a mortgage broker advertised a 30-year fixed-rate loan with an interest rate of 2.00%.

However, when the borrower arrived at the office of the mortgage broker and begins an application, the broker then went ahead to explain that the 2.00% interest rate is no longer available because his office was only able to do a limited number of them.

Thus, this broker is in violation of Truth in Lending Act (TILA).

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3 years ago

Real property is real estate owned by individuals and businesses.<br><br><br> t or f

rusak2 [61]

Answer:

Explanation:

Hope that helps

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3 years ago