Logan has $2,000 in a checking account and wants to buy a new MacBook for $1,100. Logan decides he needs the money in his account to pay his bills next month, so he buys the MacBook by charging the $1,100 to his credit card and paying it off gradually over the next several months. Logan choosing to "save" his cash on hand for bills is:
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Logan has $2,000 in a checking account and wants to buy a new MacBook for $1,100. Logan decides he needs the money in his account to pay his bills next month, so he buys the MacBook by charging the $1,100 to his credit card and paying it off gradually over the next several months. Logan choosing to "save" his cash on hand for bills is:
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- Roy does not trust banks and has been keeping his earnings in coffee cans in a freezer. His friend Julia convinces him that banks are safe, and Roy finally opens a chequing account. When he deposits his money into the account that transaction will directly increase the money . FALSE TRUEAn advantage that money has over other assets is that it: a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value over time d. Has lower transaction costs to use as a means of payment than other assetsSuppose that you never carry cash. Your paycheck of $1,000 per month is deposited directly into your checking account, and you spend your money at a constant rate so that at the end of each month your checking account balance is zero. a.What is your average money balance during the pay period? b.How would each of the following changes affect your average monthly balance? i.You are paid $500 twice monthly rather than $1,000 each month. ii.You are uncertain about your total spending each month. iii.You spend a lot in the beginning of the month (e.g., for rent) and little at the end of the month. iv.Your monthly income increases.
- During the subprime mortgage crisis in the USA, the housing market suffered the worst slump in nearly two decades. Hot housing markets like Boston, Ft. Lauderdale-Florida, and Washington DC cooled as rising interest rates and tightened lending standards eliminated lots of potential buyers. With job losses in the auto industry, the housing downturn was especially serious in Detroit and surrounding areas. Suppose a real estate speculator (مضارب في قطاع العقارات) seeking to profit from the downturn bought a pool of home mortgages for $1 million on the expectation of quickly selling them to out-of-town investors for $1.5 million. If the deal falls through إذا فشلت الصفقة , the speculator would be able to just as quickly dump the pool of home mortgages in the secondary marketيتخلص من الصفقة عن طريق بيعها في السوق الثانوي for $800,000. Calculate the speculator's expected payoff if there is a 50/50 chance of successfully selling the pool of home mortgages to out-of-town investors. Calculate…This is not a writing assignment, this is a multiple-choice question Which of the below statements regarding cryptocurrencies is NOT mentioned or suggested as factors that give cryptocurrencies and advantage over traditional currencies? what cryptocurrencies are, and the advantages and disadvantages of cryptocurrencies. Choose as the correct answer only the statement that is NOT suggested Group of answer choices The value of cryptocurrencies is more stable and less volatile than the international exchange rate of the U.S. dollar. Easy international business transactions because digital coins can overcome any border obstacle much faster and more easily than the traditional currency. Its reduced cost for shipments sent abroad would be a consideration for free flowing global transactions and trade.Megan writes a check to Harold for $100 and gives the check to Harold for his birthday, Harold alters the check to read $ 1,000 and indorses the check to Samson in exchange for flying lessons. Samson is unaware of the alteration. Samson attempts to deposit the check in his account at Southern Savings and Loan, but Southern rejects the check because of the alteration. Samson can recover: $1,000 from Megan, because Samson is a holder in due course nothing from Megan, because the check has been altered. $1,000 from Megan, because Harold is a holder in due course. $100 from Megan, because Samson is a holder in due course
- At the end of the month, you have only $20 left in your checking account. You deposit your $200 paycheck from your part-time waltressing job, but the restaurant is not doing well and your paycheck bounces. Your bank holds you accountable and charges you $54 for depositing a bad check. What is the balance of your checking account after attempting to deposit your bad paycheck? (Negative amount should be indicated by a minus sign.) Balance of checking account.Use the ordinary interest method, 360 days, to solve the following word problem. Round to the nearest cent when necessary. Richie Powers is the owner of American Eagle Boats, a manufacturer of custom pleasure boats. Because of the economic recession and slow boat sales recently, American Eagle has begun accepting promissory notes from its dealers to help finance large orders. This morning American Eagle accepted a 90 day, 8.6% promissory note for $800,000 from one of its sales dealers. You are a manager for a bank, and Richie is one of your clients. Your bank's discount rate is currently 13%. Richie's goal is to discount the note as soon as possible, but not until the proceeds are at least equal to the face value of the note, $800,000. (a) As his banker, Richie has asked you to "run the numbers" at ten day intervals starting with day 20 and advise him as to when he can discount the note and still receive his $800,000. Find the bank discount (in $) for days 20, 30, and 40, and…Find the New deposit if the required reserve ratio is 20% and the initial change in the volume of deposit is 1000
- When you are 32, you win $20,000 in the lottery. You decide to spend half of your winnings immediately and place the other half in your retirement savings account (which is earning interest at 10% per year. At 45 (after making the retirement account deposit), you decide to quit your job and take a two-year trip around the world. To help finance this trip, you withdraw 15% of the current balance in your retirement savings account. What is the balance of your retirement savings account immediately after your withdrawal?Example scenarios of five forms of moneyIf the actual reserve is given as 18,000 and the required reserves are 14,000 find the exchange reserve