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alexandr402 [8]
4 years ago
11

What makes a checking account more conveniant than a savings account?

Business
2 answers:
goblinko [34]4 years ago
7 0

I agree= I would also go with D
Alex17521 [72]4 years ago
6 0
"You can spend your money without having to withdraw cash first" makes a checking account more convenient that a savings account. The correct option in regards to the given question is option "D". In savings account it is never possible to spend money first without having to withdraw cash first. It is also not right to say that checking account holders earn more interest than a savings account holder. The checking account is simply like a current account and so there is no chance of earning more interest than the savings account. The checking account allows numerous withdrawals and unlimited deposits while this is not possible with a savings account.
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Sally has invested $10,000 now and wants to earn a real interest rate of 10% per year. Assume that the inflation rate is 7% per
hodyreva [135]

Answer:

Results are below.

Explanation:

Giving the following information:

Inflation rate= 7%

Real rate of return= 10%

Present value (PV)= $10,000

Number of periods (n)= 10 years

<u>The real rate of return incorporates the effect of the inflation rate. Therefore, the nominal rate of return:</u>

Nominal rate of return= 0.1 + 0.07= 17%

<u>To calculate the Future Value, we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 10,000*(1.17^10)

FV= $48,068.28

This is the n<u>ominal valu</u>e received after ten years.

<u>If Sally wants to determine the real value of the investment after 10 years, we must use the real rate of return:</u>

<u></u>

FV= 10,000*(1.1^10)

FV=$25,937.42

4 0
3 years ago
The process of when a product is recycled back into almost the same product, is called?
Setler [38]
When a product is recycled back into almost the same product it's called 'reuse.' There are three R's - reduce, reuse, and recycle. When a product, such as paper, is recycled and made again into paper or a paper product, this is called reuse.
5 0
3 years ago
Assume that the reserve ratio is 20% and banks in the system are loaning out all their excess reserve. If people collectively ca
Alex17521 [72]

Answer:

C. decreased by $40 billion

Explanation:

For computing the lending ability, first we have to determine the money multiplier which is shown below:

We know that

Money multiplier = 1 ÷ reserve ratio

                            = 1 ÷ 20%

                            = 5

So, the total cash would be

= $10 billion × $5

= $50 million

Now the lending ability would be

=$50 billion × (1 - 20%)

= $50 billion × 0.80

= $40 billion

6 0
3 years ago
A tax on real estate or personal property
ollegr [7]
A tax in real state.
6 0
3 years ago
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pashok25 [27]
The answer is motivating everyone to do a good job by promoting organizational goals
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3 years ago
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