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3 years ago

Which of the following is a characteristic of a checking account?

Business

1 answer:

dsp733 years ago

3 0

Answer:

Part 1: Easy access to funds through a debit card

Part 2: The price of a good or service

Explanation:

1. Easy access to funds through a debit card

A checking account is among the savings accounts offered by financial institutions. It is the regular or most common savings account in use. Checking accounts are risk-free and hence attract a low-interest rate.

A checking account does not restrict the number of withdrawals, unlike other savings accounts such as the certificate of deposit. Due to this reason, financial institutions have developed a debit card that allows access to the funds in a checking account. A debit card facilitates withdrawal from an ATM or making payments at a POS anytime as long as there are funds in the checking account.

2. The price of a good or service

A consumer with a limited amount of money is most concerned with the price of what they are purchasing. They will likely opt to buy goods and services with relatively lower prices. Economists refer to such goods and services as inferior products, not because of their quality but due to their low prices. As income decrease, the demand for inferior goods increase.

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Juliette [100K]

Answer: The correct answer is "c. decrease in demand".

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4 years ago

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Bale Co. incurred $100,000 of acquisition costs related to the purchase of the net assets of Dixon Co. The $100,000 should be: A

Olin [163]

Answer:

D. Expensed as incurred in the current period.

Explanation:

Since in the question it is given that the acquisition cost incurred for $100,000 which is related to the purchase of the net assets

And, the same $100,000 is reported as an expenses incurred for the current period as other cost like professional fees, consulting fees, general administrative cost expenses, etc are recorded when they are incurred

Hence, the last option is correct

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3 years ago

The manager at a local recreational vehicle store, Recreational Outfitters, believes the next two years will be difficult becaus

ch4aika [34]

Answer:

The correct is breakdown.

Explanation:

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4 years ago

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Answer: Miley Cyrus

Explanation:

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2 years ago

Which of the following statements about investing is FALSE?

hoa [83]

Answer:

Investing is a guaranteed way to grow your money. FALSE (IT is not 100% guaranteed, as all money can be lost in failed investment)

Investing is best for long-term financial goals, like paying for retirement. TRUE

Investing is riskier than putting money in a savings account. TRUE

On average, investing money in the stock market earns a higher return than putting money in a savings account: TRUE

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4 years ago