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Veronika [31]
2 years ago
6

Why is a savings account better than a checking account for saving money? Read More >>

Business
2 answers:
kotegsom [21]2 years ago
6 0

Answer:

A checking account is a type of bank deposit account that is designed for everyday money transactions. ... Savings accounts have higher interest rates than checking accounts, meaning it is better to let large sums of money (e.g., an emergency fund) sit in savings instead of checking.

Explanation:

Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. ... Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.

inessss [21]2 years ago
5 0

Answer:

So it is harder for you to spend the money.

Explanation:

If you had a checking account it will be easier to spend it. But if you had a Savings account you will not have a card you will actually have to go to the bank to spend the money.

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You plan to invest some money in a bank account. Which of the following banks provides you with the highest effective rate of in
Lubov Fominskaja [6]

Answer:

Option (d) , Bank 4 offers the highest amount after a year

Explanation:

The total amount from each of the interest rates can be expressed as;

A=P(1+r/n)^nt

where;

A=Future value of investment

P=Initial value of investment

r=Annual interest rate

n=Number of times the interest is compounded annually

t=number of years of the investment

a). Bank 1

P=x

r=6.1%=6.1/100=0.061

n=1

t=assume number of years=1

replacing;

A=x(1+0.061/1)^(1×1)

A=x(1.061)

A=1.061 x

b). Bank 2

P=x

r=6%=6/100=0.06

n=12

t=1

Replacing;

A=x(1+0.06/12)^(12×1)

A=x(1.005)^12

A=1.0617 x

c). Bank 3

P=x

r=6%=6/100=0.06

n=1

t=1

Replacing;

A=x(1+0.06/1)^(1)

A=1.0600 x

d). Bank 4

P=x

r=6%=6/100=0.06

n=4

t=1

A=x(1+0.06/4)^(4×1)

A=x(1+0.015)^4

A=x(1.061)

A=1.0614 x

e). Bank 5

P=x

r=6%=6/100=0.06

n=365

t=1

A=x(1+0.06/365)^(365×1)

A=1.0618

Option (d) , Bank 4 offers the highest amount after a year

7 0
2 years ago
Which type of HR professional uses various​ methods, including contacts within the community and print and online​ media, to sea
Alexus [3.1K]

Answer:

Recruiter is the correct answer.

Explanation:

Recruiter's job is to works with managers to find the qualified candidates that fill the vacant post as per requirement.

Recruiter HR professional responsibilities are to use a different method that includes updatings the ads for jobs, selecting the required candidates, to conduct the background investigation to find for fitted job candidates.

5 0
3 years ago
David bought 48 for cars at a yard sale of the cards three eighths were baseball cards how many car
Tatiana [17]
First find 1/8. 48/8 is 6. Then multiply by 3 since there are 3/8. 3x6 is 18. 18 cards. Hope this helps!
5 0
3 years ago
On January 1, 2019, Mitchell Company leases equipment from Donelson Corp. for the equipment's entire useful life of six years. D
Margarita [4]

Answer:

d. Credit to lease receivable of $35,259

Explanation:

Date    General Journal                Debit     Credit

           Cash                                 $45,000  

                 Lease receivable                      $35,259

                 ($45000 - $9741)

                Interest expense                       $9,741

                [($239826-$45000)*5%]

7 0
2 years ago
In a small country, the adult population equals 10,000. In that country, 10,000 people are in the labor force and 7000 people ar
Neporo4naja [7]

The unemployment rate is calculated by dividing the overall labor force's size by the number of jobless people, then multiplying the result by 100.

In light of the incomplete facts, the answer is: it is unknown.

<h3>How is the size of the labor force determined?</h3>

An estimation of the size of the labor force in an economy is the labor force participation rate. The calculation is the proportion of the working-age non-institutionalized population, aged 16 and older, who are employed or actively looking for work.

<h3>How are the numbers for those not working determined?</h3>

Divide the total civilian noninstitutional population by the number of people who are employed or actively seeking employment to find the formula for the labor force participation rate.

To know more about unemployment rate visit:-

brainly.com/question/17255561

#SPJ4

3 0
8 months ago
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