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Rufina [12.5K]
3 years ago
15

If I'd like to take 1000 and put it into a savings account for a long period of time in the hopes of earning a higher interest r

ate and making my money grow, which type of account should I choose?
Business
1 answer:
nevsk [136]3 years ago
8 0

Answer:

Fixed Deposit Account

Explanation:

Commercial Banks perform this crucial role of accepting deposits & advancing loans.

3 Types of Deposits :

Current Account - Used by businesses, has liberal depositing & withdrawal rules for payments & receipts, negligible interest by bank (rather bank charges for their service).

Savings Account - Used by households, for normal savings, has deposit & withdrawal rules less free than current account, moderate interest rate by bank.

Fixed Deposit Account - Used for Long Term savings, strict withdrawal rules before maturity (interest lost if withdrawn), high interest rate & money growth.

So, If need is to save money foe long period & letting it grow meanwhile, Fixed Deposit Account is a suitable Account.

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What is the process of converting the currency of one country into the currency of another country?
Arada [10]

Answer:

Foreign exchange

Explanation:

The process of converting the currency of one country to another is known as foreign exchange or Forex. Converting or exchanging to a particular currency is buying that currency. One needs to have their home currency or any other currency to convert it to the desired currency.

If both currencies have equal strengths, then one unit of a currency should exchange with one unit of the other. The exchange rate would be one. Since currencies have different strengths, they convert or exchange at different rates.

5 0
2 years ago
Reading through a credit card disclosure (aka the Schumer Box), you see the A.P.R. for a specific card is set at 9.99% - 23.99%.
Leviafan [203]

If the A.P.R. for a specific card is set at 9.99% - 23.99%, it shows the range of the A.P.R bank is offering for the card. It means the A.P.R. can be any % between 9.99% and 23.99%. The A.P.R. is decided on the basis for the credibility of the borrower. The credit score of the borrower is the factor to determine the credibility of the borrower. Hence the A.P.R of the card is determined on the basis of the credit score of the borrower.

Hence, the correct answer is:

b. One of the primary factors determining your card's A.P.R. is your credit score

6 0
3 years ago
Is Darby doing anything wrong? If so, what? What ethics traps is she facing?
Rom4ik [11]

Answer:

Hello your  question is incomplete attached below is a screenshot of the question

Answer: i) Darby is doing something wrong

              ii) Ethic traps are : Money and Rationalization

Explanation:

Darby is doing something wrong because she is taking the benefits of H associates company for personal purposes. and this totally unethical behavior been exhibited by Darby

The ethics trap faced by Darby are :

Money ; Money is the most influential trap that makes employees engage in most unethical activities because Human beings want more money always

Rationalization : Darby is using the company's facilities for personal use because she feels that her usage of the facilities for personal use won't affect the company negatively

3 0
3 years ago
Before the 1930s, most government involvement in day-to-day 4 was aimed at __________.
Sliva [168]
Before the 1930's most government involvement in day-to-day 4 was aimed at the free market system. Hope this helps.
7 0
3 years ago
If the fictitious country of Islandia puts all of its production resources into fish, it can produce 60 units of fish. If it put
Setler79 [48]

Answer:

1.5 unit of Coconut and 0.66 unit of fish. Mountania gets 0.66 fish per 1.5 unit of coconut it gives to Islandia.

Explanation:

a. What is the opportunity cost of producing 1 unit of fish in Islandia? unit(s) of coconuts.

it can produce 60 units of fish or 30 units of coconuts

Therefore 1 unit of fish has opportunity cost of 30 coconuts/60 fish = 0.5 unit of coconuts.

b. What is the opportunity cost of producing 1 unit of coconuts in Islandia? unit(s) of fish  

it can produce 60 units of fish or 30 units of coconuts

Therefore 1 unit of coconut has opportunity cost of 60 fish/30 coconut = 2 unit of fish.

c. What is the opportunity cost of producing 1 unit of fish in Mountania? unit(s) of coconuts  

it can produce 15 units of fish or 45 units of coconuts.

Therefore 1 unit of fish has opportunity cost of 45 coconuts/15 fish = 3 units of coconut

d. What is the opportunity cost of producing 1 unit of coconuts in Mountania? unitis) of fish  

it can produce 15 units of fish or 45 units of coconuts.

Therefore 1 unit of coconut has opportunity cost of 15 fish/45 coconut = 0.33 unit of fish

e. (Click to select)has a comparative advantage in the production of fish. ck to select) has a comparative advantage in the production of coconuts.  

Islandia can produce 60 units of fish or 30 units of coconuts and Mountania can produce 15 units of fish or 45 units of coconuts.

Therefore Islandia has comparative advantage in fish production because it can produce 45 more fish given same resources

f. What will be the terms of trade for fish? Betweena andunits) of coconuts .  

1.5 unit of Coconut can be derived as a basis for exchange when the opportunity cost of fish for mountania (3 coconut) is multiplied by the opportunity cost of fish for Islandia (0.5 coconut). At 1.5 units of coconut per fish, both countries will be happy because it is higher than the benefit Islandia would have gotten and lower than the cost that mountania would have borne.

What will be the terms of trade for coconuts?  

0.66 unit of fish can be derived as a basis for exchange when the opportunity cost of coconut for Islandia (2 fish) is multiplied by the opportunity cost of coconut in Mountania (0.33 coconut). At 0.66 units of fish per coconut, both countries will be happy because it is lower than the cost Islandia would have borne and higher than the benefit that Mountania would have enjoyed.

5 0
3 years ago
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