Answer:
Truth in Savings Act
Explanation:
The law was passed to bring fairness in the financial statements of the financial institutions because their mismanagement of operations has a great impact on the organizations and the pensioners. It was evident when a large group of financial institutitons got bankrupt when Enron collapsed which affected all the pensioners in the US. So to bring fairness and emphasize additional control on the financial institutions the US government passed the Truth in Saving Act to safeguard its resident's future income.
<u>Explanation:</u>
The statement highlights the fact an activity we may consider ourselves good at may not necessarily strengthen us mentally.
Hence, it emphasizes the need for self-evaluation of the needs we are good at to see whether actually makes us happy.
For example, someone who is good at telling nice stories and yet discovers when they are involved in that activity they aren't happy.
This scenario rightly dipicts why one's strength is not determined by what they are good.
Therefore, we can say indeed, <em>"Just because you're good at something doesn't make it a strength!!".</em>
Answer:
Abed must earn 13.5% or $108 annual interest to cover the monthly fee.
Explanation:
Abed should earn minimum $9 of interest on deposit each month to cover the bank charges expense.
Average Monthly Balance = $800
Bank Charges = $9.00 per month
Monthly interest rate = (Monthly bank charges / Monthly average balance ) x 100
Monthly interest rate = ( $9.00 / $800 ) x 100 = 0.01125 x 100 = 1.125%
Annual Interest rate = 0.01125 x 12 = 0.135 = 13.5%
Annual Interest = $800 x 13.5% = $108
