Answer:
The Highest interest rate you can earn on a passbook savings account is 5%
Explanation:
According to the research of 5 Financial institutions in New York the Annual Percentage Yield of a Passbook savings account goes from 1% to 5%.
Bank APY
Apple Bank for Savings 0.10
Emigrant Bank 0.40
Investors Bank 0.50
Provident Bank 0.50
Queens County Svgs Bk 0.50
The government's involvement in the society reach its pinnacle when Ronald Reagan became the president of the United States. Reagan stated that the U.S government had become too much powerful to the point that it cannot be controlled. He suggested to back it off before it will try to control the lives of the people.
When a nation's currency appreciates that means there is an increase in the exchange rate. It would result to cheaper imports and lower inflation rates which would be advantageous to those countries who are importing goods. While a weak currency would be better for an economy that's exporting goods to other countries.
Answer:
Option B Borrow using short-term notes payable and use the proceeds to reduce long-term debt
Explanation:
The formula for calculating current ratio is as under:
Current Ratio = Current Assets / Current Liabilities
Now the option which will either increase the current liability only (Denominator) or decrease the current assets only (Nominator) will be the right answer because the answer will decrease the current ratio.
Option B So if the company borrows money from its short term loan (current liabilities) to pay its long term debt which will increase its current liabilities and non-current liabilities. So in the nutshell will only increase the denominator (current liabilities) which will decrease the current ratio. So it is the right option. The rest of the options either increase both current assets and current liabilities or decrease both current assets and current liabilities.
Education goal: graduate high school as a junior, career related goal: eventually get a stable job in the medical field, lifestyle related goal be 100% happy with who i am i’m about 80% :)
