Answer:The answer is passbook
Explanation:
savings Account is the most common form of bank account for the low income earners, The main objective of savings account is to encourage people to form a habit of savings. This type of bank account is operated with the use of passbook and interest is paid to the owners of this account. The amount used in opening a savings account vary from banks to banks, the interest payable on the account to owners of the account also varies from banks to banks.
This account has two maximum number of times in a month that the owners can withdraw money from the account, if withdrawals are more than twice in a month, it means the owners is operating it like current account and will therefore not attract any interest in that month.The interest on this type of account is calculated either monthly,quarterly, or yearly.
When an insurance company chartered in another country has been licensed to operate in your state. In your state, the insurance company is called a foreign insurer.
<h3>What is insurance?</h3>
Insurance refers a policy or agreement which provides financial protection to any individual if he faced any injury or died in accident.In case of injury,it helps in receiving medical claim as per the policies of the insurance company.
A foreign insurer is a corporation based in one state that writes insurance for clients in those other states. In the world of health insurance, foreign insurers are fairly common.
The benfits of these policy is that it offers better benefits in terms and protection to the policy holders as compared to own state.In this insurance the more options are received which is not available in own state.
Learn more about Insurance, here:
brainly.com/question/27822778
#SPJ1
Answer:
your parents will only lose the value of their share
Explanation:
Based on the information provided within the question it can be said that if the Apple business were to declare bankruptcy then your parents will only lose the value of their share. That is because the shares are linked to the Apple company, meaning that if they declare bankruptcy the value of those shares will ultimately decrease to 0 and be worthless.
Answer: interest
Explanation:
Notes payable occurs when a promissory note is issued to the bearer by the firm. Notes payable can either be short term which is within a year or long term which is more than a year.
The difference between the amount received from issuing a note payable and the amount repaid at maturity is known as the interest.
