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Drupady [299]
3 years ago
7

How is a line of credit similar to a credit card?

Business
2 answers:
Inessa05 [86]3 years ago
8 0
The right answer for the question that is being asked and shown above is that: "a. Interest is charged only on the amount you actually borrow."  a line of credit similar to a credit card is that <span>a. Interest is charged only on the amount you actually borrow.</span>
FrozenT [24]3 years ago
3 0

Answer: a. Interest is charged only on the amount you actually borrow.

Explanation:

A line of credit (LOC) is known to be a certain amount of money agreed upon by a financial institution which enables an individual to borrow money. The borrower can only borrow the money up to the maximum amount agreed upon.

Credit card is a card issued by a financial institution to a card holder in order to pay for the goods and services purchased. The money is been paid back by the card holder with the interest rate and other charges at the stipulated time agreed upon.

Interest rate is the amount of money a lender or financial institution receives on the money borrowed to a borrower. Hence, interest is charged only on the amount a card holder borrows on a line of credit or credit card account.

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Two weeks ago Acme Electronics announced that it had developed a new chip design which was being considered by major companies f
astraxan [27]

Answer: delayed reaction.

Explanation:

The scenario depicted in the question is an example of a delayed reaction. Before the announcement was made that a new chip design had been developed, Acme common stock closed at $20 but since the announcement was made, there has been an increase in the closing price of the stock .

This shows that the information flow had an effect on the price of the stock and this led to the delay in market reaction. Therefore, this is referred to as a delayed reaction.

7 0
3 years ago
Clam gulch is a very popular clamming beach in alaska. on good low tides, clammers can easily gather 60 clams (the state limit).
Ahat [919]

The way economists would probably explain the wastage of this clam resource is by saying that clams are free goods and are therefore subject to the tragedy of the commons effect. The tragedy of the commons effect is a theory in economics, postulated by the Victorian economist William Forster Lloyd.


The tragedy of the commons effect describes a condition within a shared-resource system where each user act freely according to their own self-interest, but their collective actions ends in the depletion or spoilage of that resource, thus having a negative impact on the common good of all users. In this case, commons is taken to refer to the clam resources.

6 0
3 years ago
The difference between variable costs and fixed costs is (CMA adapted) A. Unit variable costs fluctuate and unit fixed costs rem
Hatshy [7]

Answer:

<em>(A) Unit variable costs fluctuate and unit fixed costs remain constant.</em>

Explanation:

The <em>fixed costs</em> are the costs which have to be incurred always, irrespective of what the output produced is by the firm. For instance, a firm always has to charge depreciation on its fixed assets, pay salary to the premises staff and pay fixed salary to the managers for managing etc, irrespective of whatever output it produces.

<em>Variable costs</em> are the costs which vary with the level of output produced activity. For example, if more output is produced more will be the raw material payments, more will be the manufacturing related other expenses and more will be the wages paid to the labour etc and vice-versa.

Hence, thereby the per <em>unit variable costs fluctuate and unit fixed costs remain constant.</em>

 

7 0
3 years ago
Those who are working are defined as_____ (one word) and those who are not working but actively seeking work are defined as____
Nat2105 [25]

Those who're running are described as hired and people who aren't running however actively in search of paintings are described as unemployed.

The required details for Unemployment in given paragraph

Unemployment, in keeping with the OECD now no longer being in paid employment or self-employment however presently to be had for paintings all through the reference period. Unemployment is measured through the unemployment rate, that's the range of those who are unemployed as a percent of the hard work force (the overall range of humans hired introduced to the ones unemployed). Unemployment and the fame of the financial system may be stimulated through a rustic thru, for example, financial policy. Furthermore, the financial authority of a rustic, along with the relevant bank, can have an impact on the supply and price for cash thru its financial policy. In addition to theories of unemployment, some categorizations of unemployment are used for extra precisely modelling the consequences of unemployment within side the financial system. Some of the principle styles of unemployment include structural unemployment, frictional unemployment, cyclical unemployment, involuntary unemployment and classical unemployment.

Structural unemployment specializes in foundational troubles within side the financial system and inefficiencies inherent in hard work markets, which include a mismatch among the deliver and call for of people with important talent sets. Structural arguments emphasize reasons and answers associated to disruptive technologies and globalization.

To know about Unemployment click here

brainly.com/question/22741851

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8 0
1 year ago
"when johanna cut prices in her jewelry store by 20 percent, the dollar value of her sales fell by 20 percent. this indicates th
anzhelika [568]
How much ever percent she cuts so will the value of her sales
3 0
4 years ago
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