How Do You Manage Your Credit Card Debt?

Q: How does the credit card company calculate the interest payment?

A: The credit card has been an important tool to increase the purchasing power. This facility has…

Q: how banking contributes to global warming and poor sustainability.

A: With increasing risk of after effects of global warming it is advised for banks to consider their…

Q: Other than lenders, who else might use your credit score and why?

A: Credit decisions are made by lenders. Credit reporting agencies sell credit reports on their…

Q: Why should you talk to your banker before beginning to look for a home? to get a building inspector…

A: Although looking for a home can be exciting and enjoyable, serious homebuyers should begin their…

Q: The amount which from the transaction entered by the person who borrows money called the debtor or…

A: Answer-

Q: Why junk food is a demerit good

A: A demerit good is defined as one which has harmful effects on the consumers but these effects are…

Q: Please answer fast

A: IS curve is a curve that shows the inverse relationship between the interest rate and disposable…

Q: credit

A: In, the late 19th century and early 20th century, companies built on the ideas of revolving credit…

Q: Please answer fast please help

A: Fiscal policy means the government made their expenditure to construct the roads, infrastructure,…

Q: Your friend Tim wants to open a checking account, but he's not sure how to do it. List the steps.

A: A checking account is a sort of bank account that enables you to deposit and receive money for…

Q: Advantage and Disadvantage of Building and Loan Associations from Private Nonbank Thrift…

A: The loans are amount of money which are borrowed by the various individuals or the firms. The loans…

Q: If you make a late payment on a 0% interest credit card, you're responsible for paying the entire…

A: The statement is false If we make late payment on a 0% interest card , then the bank may charge…

Q: What are commercial loans?

A: Loan is a type of debt instrument in which a sum of money is borrowed by an individual or a firm…

Q: What do you need to provide when you request your free credit report? first and last name only first…

A: For the given question, the particulars that are required for a free credit report need to be…

Q: What is the cheapest loan?

A: A loan is the lending of money by an individual or a group to another individual or a firm, with an…

Q: Mary Smith took out a loan of $75,000. The loan runs for five years at a minimum interest rate of…

A: here we calculate how much is each monthly payment to Mary Smith by following method given below

Q: still make all interest payments? r

A: *Answer:  The debt-to-GDP ratio is the percentage of a country's debt to its GDP. It is used to…

Q: what does it mean when banks are paying people to get loans?

A: The financial system of the nation is considered to be one of the most prominent, and important…

Q: Write the different loan terms?

A: A loan is when one or more people, organisations, or other institutions lend money to other persons,…

Q: What is the future amount is due at the end of the loan period

A: Here T = 13 months     R = 20%    P = 2000

Q: Answer quickly fast asap thanks

A: Reservation price - Reservation price is the maximum willingness price for a commodity or service.…

Q: Benefits of government regulating banks.

A: Bank regulation is basically a kind of govt regulation that, among other things, sets certain rules,…

Q: Which one credit unions

A: A credit union is a traditional form of the financial institution that undertakes financial…

Q: credit?

A: Credit report consist of current and past information regarding the credits that an individual hold.…

Q: What should you do before you start looking at homes to buy? Spend everything you earn. Take out as…

A: A credit rating is a metric that assesses a person's or a company's potential to pay back a debt…

Q: please type this, don’t write it. Thank you!

A: An externality is a cost or benefit to the third party who involves in the transaction of causing an…

Q: You can improve or damage your credit history with a credit card. O True O False

A: The economics as a study is based upon the idea that the resources which are present with each…

Q: The first thing paid when repaying a loan is the principal. True or False?

A: Principal denotes the original amount of money borrowed by the individual for meeting his/her needs.…

Q: As a student, are you saving or borrowing? Why?

A: Disparities in income and expenditure encourage people to save or borrow. An individual who makes a…

Q: What is mortgage insurance?

A: Mortgage insurance is the insurance policy which insures a mortgage loan in the case of the default…

Q: Which type of inquiry damages your credit each time one is made? a soft credit inquiry a hard health…

A: Answer: Correct option: C (a hard credit inquiry) Explanation: If a person applied for new credit…

Q: What happens if you don't manage debt properly? You sleep very well at night. You have a perfect…

A: Debt is something, usually money, borrowed by one party from another.

Q: To deposit and withdraw funds from linked bank accounts, which system call will be used? Withdraw…

A: A linked account is one that is linked to another at the same financial institution so that money…

Q: What is the difference between a secured loan and anunsecured loan?

A: A loan is when money is being given to another party in exchange for repayment of the principal…

Q: You save $1500 a year into a 401(k) account that you invest in a mutual fund earning 7% per year.…

A: Here, by analyzing the information, it can be said that: Annuity (A): $1500 Interest rate (i): 7%…

Q: Question 15 Many credit card companies will let you determine your interest rate and your credit…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Lenders use your credit score -- to see if you've earned your degree to criticize your financial…

A: A credit score is a report that states the person's previous and present loan details, repayment…

Q: Money flow

A: Money flow is determined by calculating the daily volume by the average of the high, medium, and…

Q: annual interest cost on deposits

A: The leverage is decided basis the loans to equity ratio. Narrow bank is leveraged and wide bank is…

Q: How does amortization help in making loans affordable?

A: Concept Amortization is the technique of repaying a loan in monthly interest and principal…

Q: What does paying rent help you do? buy a home build equity in your building buy a condo build your…

A: A credit rating is a measurement of a person or business entity's ability to repay a financial…

Q: What are the three different ways to compute interest charges?

A: There are three different interest calculation methods. They are Fixed Flat Declining Balance…

Q: Define what is meant by (pure) credit rationing. Save Answer

A: Rationing is a source of artificial control on the demand and supply of the goods and services.

Financial Institutions and Federal Bank

The word financial institution is a kind of business organization that deals with the financial activities of a nation. These activities include accepting deposits, making payments, granting loans and advances, transferring funds, holding shares, providing credits, purchasing and selling foreign exchanges, investments in shares, futures commodities, and many more.