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insens350 [35]
3 years ago
14

What is the interest rate charged per period multiplied by the number of periods per year called?a. effective annual rateb. annu

al percentage ratec. periodic interest rated. compound interest rate
Business
1 answer:
ICE Princess25 [194]3 years ago
8 0

Answer:

The correct answer is letter "B": annual percentage rate.

Explanation:

The Annual Percentage Rate or APR is the cost per year of borrowing. By law, all financial institutions must show customers the APR of a loan or credit card, which clearly indicates the real cost of the loan. It is not the same as the Interest Rate on a loan. Loans charge interest rates but usually charge other fees such as closing costs, origination fees, and insurance costs.

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PLEASE HELP!! 20 POINTS
goldfiish [28.3K]

Answer:

Members

Explanation:

7 0
3 years ago
If people refused to use banks to create checkable deposits, the banking system would:___.
irinina [24]

If people refused to use banks to create checkable deposits, the banking system would not be able to create new money.

Checkable deposits include all accounts on which checks can be drawn. These deposits allow the owner of bank account to write checks to third parties. Also, they are very liquid assets that allow depositors to have an easy access to their funds.

For these reason, checkable deposits generally are important but also one of the lowest-cost source of bank funds, covering a large share of bank liabilities. Thus, banks create money by lending excess reserves to consumers and businesses.

Hence, if people refused to use banks to create checkable deposits, the money multiplier decreases.

To learn more about Checkable deposits here:

brainly.com/question/15867820

#SPJ4

7 0
1 year ago
A loss on disposal of a plant asset is reported in the financial statements as a direct increase to the capital account on the b
luda_lava [24]

Answer:

in the Other Expenses and Losses section of the income statement.

Explanation:

Firstly, A loss on disposal of a plant asset is an expense.

therefore,

A loss on disposal of a plant asset is reported in the financial statements in the Other Expenses and Losses section of the income statement.

8 0
3 years ago
Lập danh mục chi phí hoạt động của 1 toà nhà cho thuê hạng C
juin [17]

Chi phí hoạt động là chi phí liên tục để duy trì và duy trì hoạt động đầu tư bất động sản cho thuê. Nói cách khác, chúng là những chi phí ảnh hưởng đến hoạt động hàng ngày của khoản đầu tư và được coi là cần thiết để duy trì dòng doanh thu.

8 0
3 years ago
Read 2 more answers
You run a small business producing candles. This month your total cost is $10,000, your variable cost is $5,000, and your output
ArbitrLikvidat [17]

Answer:

Average fixed cost is $1

Explanation:

Given that

Total cost = 10000

Variable cost = 5000

Output = 5000

Recall that

Total cost = fixed cost + variable cost

Fixed cost = total - variable

Fixed cost = 10,000 - 5000

FC = 5000

Also,

Average Fixed cost = fixed cost / output

Thus = 5000/5000

= $1

Therefore, Average Fixed cost is $1.

Also note that

Average variable cost, AVC = $1

Average Total cost, ATC = $2

5 0
4 years ago
Read 2 more answers
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