The difference between credit card and a debit card is that:
Debit cards are linked to your bank account, and money is withdrawn from the account as soon as the transaction occurs. While credit cards are not linked to your bank account, they are linked to the bank or institution that issued the card. Credit card are billed monthly.
Credit cards are considerably more popular with U.S. consumers because debit cards are linked to your bank account and if someone stole the card, all the money in your bank account will vanish. where credit cards are not linked to your bank account, it is charged monthly as much money as you want.
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Answer: $3,000
Explanation:
With a basis of $22,000, Lola received a cash distribution of $25,000.
She would therefore get a gain (loss) of,
= $25,000 - $22,000
= $3,000
Lola received a gain of $3,000.
It is worthy of note that her basis after this distribution is now zero.
Answer:
0.2%
Explanation:
The real risk-free rate is 3%, and inflation is expected to be 3% for the next 2 years; so the risk-free rate is 6%.
The maturity risk premium is the different between return on investment and same tenor investment
= Treasury security yields 6.2% - risk free rate 6%
= 6.2% - 6% = 0.2%
Answer: b. False
All analysis of variance procedures <em><u>assume</u></em> that the compared populations have equal variances.
In all analysis of variance procedures, tests like F-test, Bartlett’s test, Levene’s test and Brown-Forsythe test are used to verify or test the assumption if k samples are from populations with equal variances.
When two or more populations have equal variances, we say that homoscedasticity or homogeneity of variances exist.
The F-test and Bartlett’s test yield best results only if the population is normally distributed. However, Levene’s test and Brown-Forsythe are known to yield good results for data that is not normally
distributed.