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frosja888 [35]
3 years ago
8

What is a credit limit and what is it's purpose?

Business
1 answer:
Assoli18 [71]3 years ago
3 0

Answer:

What is a credit limit?

A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit.

what is the purpose of a credit limit?

Credit limits determine how much you can spend using your credit cards and serve as a way for lenders to limit the risk of lending money. Having high credit limits can be a good thing, because it gives you the flexibility to spend money when you need to and it may help you maintain good credit scores.

Explanation:

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3% salary increase

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simply 8.5%-5.5%

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Government regulations help balance negative externalities such as no smoking rules enforced to mitigate the effects of second-hand smoke.

<h3>What is negative externality?</h3>

Negative externality is when the activities of producers or consumers negatively affect third parties not involved in production or consumption activities.

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Subliminal stimuli

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Although subliminal stimuli is not readily perceived it can unconciously influence consumer behaviour.

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Actual means the real selling price for the product paid by the customer whereas proposed selling price is the price which was suggested to be set for the product.

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4 years ago
Mack opened a cd 10 years ago at an interest rate of 7.8%, compounded monthly. According to the rule of 72, when did he have hal
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72 rule says
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