Credit cards can cost you money if you don't pay your bills on time because the interest rates charged by lending organisations have a significant negative influence on both your personal finances and credit score.
The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded favourably by the Federal Reserve, which monitors credit card interest rates. If you settle your bill in whole each month, APR is irrelevant. It doesn't matter whether your credit card has a 10 percent or 25 percent interest rate.
To learn more about interest rates., click here.
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The rate of interest the Federal Reserve charges banks for short-term loans is called the
discount rate.
Answer: It has 1 milion dollars in required reserves
Explanation:
Tot. Res = Vault cash + Deposit with Federal Reserve
Tot. Res = 2 million dollars + 8 million dollars = 10 million dollars
Total reserves are the sum of excess reserves and required reserves
.
Tot. Res. = Exce. Res. + Req. Res.
10 million dollars = 9 million dollars = Req. Res.
Req. Res. = 10 million dollars- 9 million dollars.
Req. Res. = 1 million dollars.
The correct answer for the question that is being presented above is this one: "<span>c. Your friend's parents take out a loan to buy her ea condo to live in while she is at college. Meanwhile, the housing market plummets. By the time your friends leaves college, the condo os worth significantly less than the value of the loan."</span>
Answer:
b. consumer spending
Explanation:
GDP = C+I+G+(X-M)
The most powerful driver of an economy is consumption (C). In the US the biggest share in the GDP participation is the consumers expenditure of goods and services within the economy.
