Answer:
Payment of more interest in future and extension in the term of debt
Explanation:
Credit cards refer to plastic money.Such cards grant the holder the facility to withdraw and make payments greater than their balance of money in the account. Credit cards grant liquidity to the holder but at the same time, the holder is required to pay interest if the money drawn in excess is not paid back to the issuer within a stipulated time.
Minimum balance payment refers to that threshold limit of payment required which keeps the credit card and credit limit operational.
Paying a minimum balance eliminates late fee but interest will have to be paid on the balance remaining outstanding. So gradually, as one keeps paying only the minimum balance, the amount remaining unpaid would rise and thus, the interest to be paid on such outstanding amount shall rise too.
Also, with increasing outstanding dues, the debt term i.e the period by which the holder pays off the entire money due along with interest, will extend. So minimum balance payment may save funds initially, but has adverse long term implications.
Answer:
Money market requires a minimum balance because the money is treated as part of your investment wherein it yields higher interest income that the basic saving account. The minimum balance is the one that is use by the bank for loans and lending it to borrowers.
Explanation:
Answer:
The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1 That tells you what a country is good at producing. GDP is the country's total economic output for each year. It's equivalent to what is being spent in that economy.
Explanation:
Answer:
The answers are no commitment, the price will not increase to 90 dollars, and there is no additional stock-price increase.
Explanation:
The anoucement of a share repurchase is not a commitment to continue repurchases, so the information content of a repruchase annoucement is less stronger, so the stock value may not increase as much.
The value of any information in the announcement should be priced immediately into the stock. Thus, there should not be any additional stock-price increase.