It would be important to have a low minimum balance requirement on a student checking account in order to reflect a student's lifestyle.
<h3>What is a minimum balance requirement?</h3>
A minimum balance requirement refers to the minimum amount of money that is required to keep in a bank account, usually in order to claim the account's monthly fee.
Bank required the depositers and account holders to keep the minimum amount of money in the bank account due to various reasons. The major reason is that, it allows the bank to have more deposits, which in turns allows them to lend more money.
Basically, Banks require minimum balances to maintain certain regulatory financial ratio requirements.
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Answer:
C. $2,018.00.
Explanation:
The computation of the lower cost or market value is shown below:
For Jelly
= 150 units × $2 per unit
= $300
For Jam
= 370 units $2.50
= $925
And, for Marmalade
= 260 units × $3.05
= $793
So, the total inventory is
= $300 + $925 + $793
= $2,018
It is come by multiplying the quantity of each one by its lower cost or market value per unit
Answer:
c. Devil's advocate procedure
Explanation:
Based on the scenario being described within the question it can be said that this procedure is an example of the devil's advocacy procedure. This is a technique where an individual within the specific group is allowed to become the critic in the proposed decision. This individual is in charge of pointing out all the weak points and going against the decision itself.
Answer:
Explanation:
The present value formula is:
Assuming annual compounded interest, r = 9% = 0.09 and n = 68 years.
Substituting and computing:
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Answer:
C) do not change if inflation rises temporarily
Explanation:
Anchored in economics means being insensitive to certain information due to a bias or belief. Anchored inflationary expectations is basically the belief that inflation won't raise
