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Darya [45]
2 years ago
13

Three examples of when interest rates are bad for you​

Business
1 answer:
Elis [28]2 years ago
4 0

Answer:

Below you will find three examples of when the interest rate is bad for you:

  1. Credit cards interest rate
  2. Overdraft interest rate
  3. Default or late payment interest rate

Explanation:

1. Credit cards interest rate: When you purchase a good or service with your credit card you must pay the price of it plus an interest rate.  

2. Overdraft interest rate: When you are overdraft in your current account you must pay an interest rate for the mount overdrawn

3. Default or late payment interest rate: When you make a late payment or fail to pay an installment in your credit you must pay a fee calculated in an additional interest rate,  

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Financial institutions such as commercial banks, bond mutual funds, insurance companies, and pension funds maintain large portfo
inessss [21]

Answer:

The correct answer is letter "B": unfavorably; increases.

Explanation:

As a measure to control inflation in the economy, the Federal Reserve (Fed) tends to <em>increase </em>the interest rate. This to have banks request fewer loans from the central bank which will result in offering fewer credits to individuals. If people have fewer sources of debt, the possibilities that an economic bubble -<em>continuous increase in price due to continuous increase in demand</em>- appear decreases.

However, if people have fewer sources of debt, private investment decreases, causing an <em>unfavorable </em>panorama for financial institutions offering large portfolios of assets.

8 0
2 years ago
Explain the most well-known service provided by insurance companies. *
earnstyle [38]

Answer:

Car insurance

Explanation:

Everybody drives a car.

6 0
2 years ago
Pink-eye and albino are two recessive traits found in the deer mouse Peromyscus maniculatus. In pink-eyed mice, the eye is devoi
kakasveta [241]

Answer:

Punnet square for hetero v homo (38 1/4) (38 1/4) and (76 1/4+1/4= 76 1/2)

: 38,38,76

Explanation:

The punnet square is commonly used to estimate the genotypes of a given breeding analysis. It is widely used to determine the probability or chances of an offspring have a specific genotype. It is commonly used by biologists for the calculation of the probability of offspring. Based on the available information, the answer is 38, 38, 76.

5 0
3 years ago
What is your interpretation of the relationship between auto insurance premiums in Michigan and the national average?
Arada [10]

Answer:

Interpretation between the auto insurance preniums in Michigan and the National average is that In 2017, the average cost of a personal injury protection claim in Michigan was more than six times the national average. Costs are increasing nearly twice as fast, according to the Insurance Research Council.

Explanation:

The rates of auto insurance Premiums in Michigan are most expensive in America. This is due to Michigan's non-fault insurance system, which provides crash victims unlimited lifetime coverage of medical bills.

3 0
3 years ago
The Bureau of Labor and Statistics (2018) reports that the average earner with a high school diploma will earn about $35,000 per
Westkost [7]
C it’s c because it has to be it
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3 years ago
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