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Makovka662 [10]
3 years ago
5

Amanda has no credit history. She asks her friend Tricia for advice on how to establish credit history. What is the BEST advice

Tricia can give to Amanda?
a) Apply for a home mortgage.
b) Open a bank line of credit.
c) Apply for a gasoline credit card.
d) Actively use a debit card.
Business
1 answer:
pentagon [3]3 years ago
3 0

Answer:

a) Apply for a home mortgage.

Explanation:

i just took a test that had this question on it and i got it right

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You observe that the inflation rate in the United States is 1.5 percent per year and that T-bills currently yield 2.0 percent an
Kamila [148]

Answer:

(a) 7.5%

(b) 8.5%

(c) 9.5%

Explanation:

(a) Foreign country inflation rate - US inflation rate = Foreign country risk free rate - US risk free rate

Lets foreign country inflation rate = X

X - 1.5 = 8 - 2

X - 1.5 = 6

X = 6 + 1.5

   = 7.5%

(b)

Lets foreign country infllation rate = X

X - 1.5 = 9 - 2

X - 1.5 = 7

X = 7 + 1.5

   = 8.5%

(c)

Lets foreign country inflation rate = X

X - 1.5 = 10 - 2

X - 1.5 = 8

X = 7 + 1.5

   = 9.5%

6 0
3 years ago
Which describes the purpose of minimum-balance fees?
Cerrena [4.2K]

Answer:

make sure customers keep sufficient funds in their account

Explanation:

Minimum balance is the amount that an account holder has to be kept in the account. The minimum amount is to be maintained so as to enjoy the benefits of the account like receiving interests. The minimum balance defers from one bank to another. Maintaining the minimum helps in accessing loans and other facilities.

5 0
3 years ago
Mills Corporation acquired as an investment $225 million of 8% bonds, dated July 1, on July 1, 2021. Company management is holdi
Sholpan [36]

Answer:

Please see solution below.

Explanation:

1.

July 1, 2021

Dr Investment in bonds $225,000,000

Dr Premium on investment in bonds $25,000,000

Cr Cash $250,000,000

December 31, 2021

Dr Cash $18,000,000

Cr Interest revenue $15,000,000

Cr Premium on investments in bonds

$3,000,000

2.

Investment in bonds. $225,000,000

Premium on investment in bonds $22,000,000

3.

January 2, 2022

Dr. Cash $266,000,000

Cr Investment in bonds $225,000,000

Cr Premium on investment in bonds $22,000,000

Cr Gain on sale of investments $19,000,000

Workings:

Effective interest rate on first coupon received = [ $225,000,000 × 8%] - [ $250,000,000 × 6%]

= $18,000,000 - $15,000,000

= $3,000,000

Premium on investment in bonds = $25,000,000 - $3,000,000

= $22,000,000

8 0
3 years ago
The following information is available for Trinkle Company for the month of June:
klemol [59]

Answer:

the  true cash balance as on June 30 is  $79,039

Explanation:

The computation of the true cash balance as on June 30 is given below:

Unadjusted Balance as Per Bank Statement on Jun 30  $81,500

Add: Deposit in Transit Jun   $3,150

Less: Outstanding Check Jun30 $(5,611)

True Cash Balance As on Jun 30 $79,039

hence, the  true cash balance as on June 30 is  $79,039

8 0
3 years ago
Increases in import spending Select one: a. raise GDP. b. lower GDP. c. are always balanced off in GDP by changes in exports. d.
ahrayia [7]

Answer:

B. Lower GDP

Explanation:

GDP (Gross Domestic product) represent the monetary value of all goods and services that produced in a country within a specific year.

GDP  is calculated with this formula : GDP = C + I + G + (X – M)

C : The amount of private consumption

I : Investment

G : Government spending

X : Export spending

M: Import spending

As you can see, M is the only one with (-) value . Which mean that if M is increased, the total amount of GDP will be decreased.

4 0
3 years ago
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