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soldi70 [24.7K]
3 years ago
15

Important things I need to know about credit cards and how they work. (Growing up in life and want to make sure I know everythin

g, please do not use plagiarism! Will give out brainiest, if your answer is suitable.)
Business
1 answer:
Fynjy0 [20]3 years ago
7 0
You get kind of a credit every time you buy something from the card issuer. that means you borrow money for the purchase you make from the card issuer with the promise to pay them at the end of the month (or whenever your contract tells you to). it's easy to switch credit cards and there are a lot of free contracts out there. better give your credit card number to someone you don't trust than your bank account number. cause in case of a fraud you can just change credit card. changing the bank account is a lot harder than changing credit card (plus the card issuer has the problem of not getting their money. not you)
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Discuss the meaning of taxation​
Rashid [163]

Answer:

<em>the meaning of taxation is the levying of tax.</em>

6 0
3 years ago
When studying abroad last year, Thomas found that his U.S. dollars didn't stretch as far as he had expected. Each time he exchan
Andrei [34K]

Answer:

The euro has gained strength against the dollar.

Explanation:

Exchange rate is a measure of the value of one countrie's currency compared with another. For example how many dollars can be exchanged for a euro.

Most exchange rates are free floating, meaning their value is determined by market forces (demand and supply).

Some countries however peg their currency value.

So in this scenario Thomas is giving more dollars for fewer euros because the euro has more value.

7 0
3 years ago
Sam and Lisa run a catering business in which they have two major tasks: getting new clients and preparing food for events and p
igomit [66]

Answer:

In this scenario, <u>LISA</u> has both an absolute advantage in food preparation, and <u>LISA</u> has a comparative advantage in food preparation.

Assume that initially, Sam and Lisa are splitting both tasks for a large number of events. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by <u>1</u>.

Before they were getting 3 new customers since Sam got 2 and Lisa 1, but since Sam will only look for clients, then the total number of clients will be 4 (or 1 more).

Explanation:

It takes Sam 12 hours to prepare the food for an event and 3 hours of effort to get each new client.

  • Sam's opportunity cost of preparing food = 12/3 = 4 new clients
  • Sam's opportunity cost of getting new clients = 3/12 = 0.25 of food preparation

For Lisa, it takes 10 hours to prepare food for an event and 5 hours to get a new client.

  • Lisa's opportunity cost of preparing food = 10/5 = 2 new clients
  • Lisa's opportunity cost of getting new clients = 5/10 = 0.5 of food preparation
7 0
3 years ago
In the long run, inflation is caused by
NeTakaya

Answer:

c. governments that print too much money

Explanation:

In the long run, increase in money supply causes inflation. Since there are more money circulated in the market than the needs for transaction, inflation (an increase in prices) will be rise inevitably.

The government print too much money when they borrow to much or cannot pay their loans. The government finance its policies by tax and borrowing (issuing the government bonds), when the tax is not enough, the will issue bonds. If the due comes and they do not have enough money, they may force the central bank to print more money to pay their loans or buying their own bonds. This causes the rise of money supply resulting in inflation in the long run. Bolivia is an example of this situation.

8 0
3 years ago
What are two goals for a firm that implements an effective crm program?.
Nat2105 [25]

The two major goals for a firm that implements an effective CRM program are;

  • To capture new leads and move them through the sales process.
  • To boost productivity and lower the overall costs of marketing and sales.

<h3>An effective CRM program;</h3>

The overall business goals of CRM systems are to help organizations by means of the following;

  • 1. Capture new leads and move them through the sales process

  • 2. Support and manage relationships with current customers to maximize their lifetime value to the company

  • 3. Boost productivity and lower the overall costs of sales and marketing.

Read more on CRM program;

brainly.com/question/13732314

7 0
2 years ago
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