Answer: should be protected because their account is fully insured by the FDIC.
Explanation:
From the question, we are informed that Xavier and Alyssa kept about $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy but that the bank FDIC member bank.
Based on the above scenario, they'll be protected because their account is fully insured by the FDIC. It should be noted that the Federal Deposit Insurance Corporation helps in insuring several bank deposits and in case of bank failure, the depositors will be paid or the accounts of the bank will have to be transferred to some other bank.
Answer:
C. Only making minimum payments on credit cards each month
Explanation:
Credit distress is a financial status where an individual or a firm cannot meet its obligations in time. The business or the individual cannot generate sufficient resources to pay their debts as they become due. To a business, high fixed costs, economic downturns, and illiquid assets cause credit distress.
Poor budgeting, unnecessary debt load, poor financial decisions lead to credit distress among individuals. Other signs of credit distress include living or over-relying on overdrafts, problem paying bills on time, and getting reminder collection calls and past-due notices.
Answer:
C) limited; unlimited
Explanation:
Economics can be described as the study of how people use limited resources to satisfy unlimited wants.
Answer:
The correct answer is letter "C": the marginal cost and marginal benefit of the policies.
Explanation:
The Economic Perspective is a concept that involves making decisions based on the marginal costs and benefits they could carry. Those decisions must be taken because of the basic economic problem of scarcity by which people have unlimited desires but only finite sources to fulfill them.
