TRUE OR FALSE: when you have a credit card or loan, it is better to have higher interest rate

Answers

Answer 1

Answer: Lower interest rate are better. Higher interest rate is worse

Explanation:

A lower interest rate is better when borrowing money through credit cards or loans. You will be paying less. High interest rates are only good when you are the lender.


Related Questions

The United States enjoys a free market economy in which _____. most economic decisions are made by the central government the states have all of the authority to make economic decisions regarding businesses that do not operate across state lines most economic decisions are allowed to occur naturally as a result of market changes made by government intervention none of the above all of the above

Answers

Answer:

none of the above

Explanation:

I think its none of the above because in free economy the businesses basically do whatever they want and government/state has little to no interference.

why was bank of america industry successful at one point

Answers

Answer:

Bank of America (NYSE:BAC) has had its fair share of missteps over the past decade, but it's also had successes. Topping the list for the latter is the progress it's made in mobile banking, which has enabled the bank to slash operating expenses in its consumer banking segment.

You can get a sense for Bank of America's success in this regard by looking at the number of people who use its mobile application. In the most recent quarter, the bank boasted 19.6 million active mobile users. That's five times the number it had in 2009. To put this in perspective, Bank of America has 60 million total clients within 45 million households.

The impact on Bank of America's transaction mix has been dramatic. Mobile check deposits are up by a factor of 10 since 2012, and now account for 16% of all deposit transactions at the North Carolina-based bank. If you also factor in ATM transactions, two-thirds of Bank of America's deposit transactions are now automated. That compares to only 35% in 2009.

Explanation:

1. Think about the phrase "a financially secure retirement." In two to three sentences, describe what a financially secure retirement consists of.

Answers

Answer: Having peace of mind

Explanation:

Financial security retirement plan consist of the following;

Making savings automagical.

Control your impulse spending.

Evaluate your expenses, and live frugally.

Invest in your future.

Answer: If someone is financially secured they shouldn't be worried about anything like you said they don't have to worry about paying bills and they can travel and live in a good place which is a good thing and I think everyone would love to do all these fun stuff.

MohammedAlm2

Pioneers

Explanation:

One _hot___ day, Jones had an __interesting__ _convesation___ with a truck _driver__.

which underlined word in the sentence indicates an Opinion?




Answers

Answer:

interesting conversation thats an opinion which every person is entitled to

Explanation:

in one paragraph highlight the characteristics of an entrepreneur​

Answers

Answer:

Im not going to type a whole paragraph but ill give you some ideas.

Explanation:

An entrepreneur​ is someone who does many things like owning a buisness or having many hobbies .

Entrepreneurship starts with an idea. To be successful, you need to always be thinking of new ideas and better ways of doing things.

Entrepreneurs are not satisfied with the status quo. They think outside the box and look for opportunities to come up with new solutions.

Perhaps the most important characteristic for entrepreneurs, passion is essential to any business owner or working professional's success. Without passion, there is no reason for your work and no drive to do it.

Entrepreneurs love what they do and are extremely dedicated to the businesses they create. To be successful, you must be confident in yourself and your business, and you must be proactive with what you do and how you do it

Because of their passion for their ideas, entrepreneurs are willing to put in the long hours and hard work required to launch and run a successful new business. Are you self-motivated? Entrepreneurs are their own boss, which means there's no one telling them to do things. You must be in charge of your own time and how you spend it.

Entrepreneurs always look on the bright side and are constant dreamers. They look at how they can do things better and make the world a better place. They never dwell on the past or the negative. Instead, they focus on moving forward and moving up.

When they're confronted with challenges, entrepreneurs don't see them as problems; they see them as opportunities. Challenges fuel entrepreneurs and make them reach higher and do more.

Because entrepreneurs are focused on moving forward, they are always looking toward the future. Entrepreneurs are very goal-oriented and know exactly what they want. They set their goals and everything they do is aimed at achieving those goals.

Having a strong vision helps propel you toward accomplishment. Consider setting a goal for yourself - a north star that can guide you on your path to success.

To be successful in business, you have to know business. If you're a people person and know how to get people to listen to you, you could be a successful entrepreneur.

Especially when first starting out, entrepreneurs need to gain buy-in from those around them on their big idea. If it's an out-of-the-box idea, which it usually is, many people will be skeptical before giving their support or investing any money. That's why entrepreneurs need to use their persuasiveness to sell themselves and their ideas.

Entrepreneurs know how to adapt to unfamiliar situations. If their business requires that they learn how to build a website or send an invoice, they'll do it. Whatever it takes, entrepreneurs are ready and willing. They always approach things with an open mind and are willing to change course if they need to.

Entrepreneurs do not shy away from challenges or conflicts. Instead, they face them head on and come up with a solution. They know how to solve problems effectively.

Entrepreneurs also know how to make the most of what they have. Time, money and effort are never used haphazardly. Everything has a plan and a purpose.

Entrepreneurs know that to be successful, they must be willing to take risks. While they don't mind walking on the wild side, they don't take risks lightly. They know how to plan for the unknown and make a calculated decision that is best for them and their business.

There is no room for procrastination in business. Entrepreneurs know what needs to be done and don't hesitate to make the decisions that will lead them to success. They don't let opportunities pass them by; instead, they seize the day and get the job done.

I hope it helps

If it's too long you can edit it to your choice

a high school currently require students to purchase a parking pass in order to park in the parking lot, but for the coming year they are considering letting all students park for free. They send an email to all families enrolled at the school asking them whether they think their students would be likely to drive next year if parking were free. What kind of data source would the responses be?

a. Simulation
b. Experiment
c. Survey​

Answers

Answer:

C. Survey

Explanation:

Let’s define these three terms:

- simulation: this is essentially where a scenario is created to mirror an actual real-world situation. Here, that doesn’t apply, so this is wrong.

- experiment: this is a scientific procedure used to determine something or conclude something. Here, it’s not a scientific procedure, so this is wrong.

- survey: a questionnaire is sent out to receive responses. That’s the case here because of the email.

The answer is thus C.

Explanation:

Step 1:  Determine what type of data source is being used

A simulation is a way to model random events, such that simulated outcomes closely match real-world outcomes.

A experiment is any procedure that can be infinitely repeated and has a well-defined set of possible outcomes, known as the sample space.

A survey is a data collection tool or list of questions used to gather information about individuals or group.

I think that this is a survey because they send it out to students, to take a "survey" and answer whether they would like to have free parking or not.  Therefore, I think that this kind of data source we be a survey.

Answer:  Option C, Survey

Brian has come to see Monica at Elite Salon & Spa for his regular biweekly pedicure appointmentAs construction worker Brian spends most of his time standing and wearing boots for many hours at time, so his feet suffer the past week has been especially rough , and Brian is really looking forward to his appointment with Monica What should Monica do first when he brings Brian back to the pedicure chair?

Answers

Answer:

Monica should First examine Brian's feet and toenails.

Explanation:

One of the things people dealing with nails otherwise known as nail technicians does is not all about doing pedicures and manicures for their clients alone they also learnt about Bacteriology and nail diseases so they can give advice on nails management to their numerous clients.

Monica, after the examination should advice Brian to get a new pair of shoes in order to inhibit fungal growth. If Brian do not do this, he will likely get a tinea pedis later. After the advice, Monica should massage Brian's feet. Below are the steps Monica should follow:

=> Examine the feet and toenails.

=> Give advice and Massage.

=> Deep the feet into cool water for some minutes .

Answer:

examine his feet and toenails

Explanation:

In this scenario when Brian comes to meet Monica for a pedicure, she will need to first look at Brian's feet to determine the best course of action depending on the damage that has been done on Brian's feet.

For example she could examine his feet and realise he has athletes foot.

Athletes foot occurs when a person's feet are enclosed in a confined space such as a shoe and there is sweat.

Irritation is noticed between the toes and soles of the feet, and antifungal cream can be used to treat it.

In this case this is most likely the diagnosis for Brian as he stand s for long and wears boots

Describe two factors that have led to the greater interconnectedness of countries.

Answers

Answer:

1. Liberalization of foreign trade and foreign investment policies

2. Information technology

Explanation:

1. Liberalization of foreign trade and foreign investment policies. Trade liberalization means removing constraint or impediments to free flow of trade among countries in the world. It enables import and export to take place hence led to interconnectedness of countries.

Also, foreign companies are allowed and able to locate their business outlet in their host country. Due to foreign investment policies, there is fusion of market and production thus leading to interconnectedness of countries.

2. Information technology. Constant improvement in information technology has led to interconnectedness of countries. For instance, the use of internet(social media) comes at a lower cost hence messages can be sent from a remote area and goes viral around the world immediately it is sent.

Also telecommunication gadgets such as mobile phones, telegraphs, fax connects people and business across several race and continents.

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. Boats from as far away as California and Japan braved the treacherous Gulf of Alaska crossing to reach the abundant king crab beds in Cook Inlet and Bristol Bay. Suddenly, in the early 1980s, the fishery crashed due to over fishing. All crabbing in those areas ended. To this day, there is no crabbing in Bristol Bay or Cook Inlet. a. How would an economist explain the decline of the Alaska king crab fishery? b. Explain two programs you could institute to protect the fishery and still allow some crabbing again. c. Canadians have been very successful in farming salmon in coastal fiords along the coast of British Columbia. Why have they been successful with salmon when the crab fishery crashed?

Answers

Answer and Explanation:

a. The crabs are a Common Good. They means can run out of supply if their use gets too much by society. Therefore, the decline of the Alaska king crab fishery can be explained by stating that the plenty types of boats such as those from California and Japan, has caused people to overfish, excessive fishing has brought about a decline in the supply of crabs.

b. There are 2 ways to avoid this

1. fishing permits have to be sold to the fishermen coming to fish for the crabs. Then the persons with the highest willingness to pay will come and buy the permits to fish.

2. Issuing just a particular amount of permits this would cause the fishermen to trade these permits. These open-market strategies have proved to be effective in organizing economic activity and are good stimulators in an economy.

c. They have been successful because regulations have been placed on fishing by the government. Also, if there are restrictions on other countries using up their spots and Canadians are the only ones fishing salmon, then there will be reduction in the decay rate of the population of the salmon, the salmon can easily repopulate, then Canadians would be able to come back the next year to fish again..

who is the king of rock

Answers

Answer:

Elvis Presley is considered the "King of Rock"

Explanation:

CAN SOMEONE HELP ME PLEASE?!
What are 2 of the goals in American Free Enterprise Economic System?

Answers

Answer: The free enterprise economy seeks to maintain economic freedom. As mentioned earlier, the goal is for businesses to be able to make their own decisions with little government interference. Efficiency - The goal of efficiency is to make the best use of the resources that are available.

Amanda Rice has just arranged to purchase a $640,000 vacation home in the Bahamas with a 20 percent down payment. The mortgage has a 7 percent APR compounded monthly and calls for equal monthly payments over the next 30 years. Her first payment will be due one month from now. However, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of Year 8. There were no other transaction costs or finance charges. How much will Amanda’s balloon payment be in eight years

Answers

Answer:

$458,197

Explanation:

I prepared an amortization schedule using an excel spreadsheet (which I attached).

purchase price $640,000

down payment $128,000

mortgage principal $512,000

APR 7%

monthly payment $3,406.35

principal's balance at the end of year 8 (month 96) = $458,197

Whether you are dealing with a loan or a credit card, the amount of interest your payment includes each month is known as what?

Finance charge

Minimum payment

Principal

Annual percentage rate (APR)

Answers

Answer:

Finance charge

Explanation:

Maria is a high school senior. She wants to go to the local community college and become a nurse. Her grades are average, but she comes from a low-income family. What could she do to in order to afford the next step in her dream to become a nurse?

Answers

Answer: She could apply for Need Based Scholarships and Federal Grants

Explanation:

Maria could apply for a Need Based Scholarship. These are scholarships that are garnered towards lower income households that would otherwise be unable to fund a college education. These scholarships aim to bridge the Economic gap in the society. An example of one is the National High School Scholars Fee Waiver Program.

Another option could be Federal Grants. The Federal Government of the United States of America, offers financial help such as the Pell Grant to college students who would otherwise be unable to attend given their family's economic status . These Federal Grants have been very helpful and one can get the process started by filling out and submitting a Free Application for Federal Student Aid (FAFSA) form.

It is worthy of note that both of these options are steadily becoming more competitive as the number of people in need of them keep rising. Maria should therefore try her best to improve her grades or get involved in extra-curricular activities that would improve her eligibility.

Answer:b

Explanation:

Whether you are dealing with a loan or a credit card, the percentage used to calculate the amount of interest you owe is known as what?

Finance charge

Minimum payment

Principal

Annual percentage rate (APR)

Answers

Answer:

Annual percentage rate (APR)

Explanation:

advice for a mcdonalds interview?

Answers

Answer:

Always be courteous and professional to stand out from the crowd.

Explanation:

Hi . I have some advice don’t come all dressed up look presentable and sleek but not to flashy like jelewary . Be very respectful to the older people yes ma’am no ma’am. If you have every done any volunteer work make sure they know that’s. And don’t talk to much

Uptown Interior Designs is an all equity firm that has 40,000 shares of stock outstanding. The company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares. What is the total value of this firm if you ignore taxes?

Answers

Answer:

The answer is $16 million

Explanation:

Outstanding shares = 40,000

Shares of deceased shareholder = 2,500

Amount borrowed = $1m

We calculate price per share:

This is,

1,000,000 ÷ 2,500

= $400

To get the total value of the firm:

[(40,000 - 2,500) × 400] + 1m

=(37,500 × 400) + 1m

= 15,000,000 + 1,000,000

= $16,000,000

The total value of the firm without taxes is $16 million.

Differentiation Select one: (a) helps a firm get a competitive advantage if it just meets needs in the same way as other firms. (b) means that the marketing mix is similar to what is available from a competitor. (c) often requires that the firm fine-tune all of the elements of its marketing mix to the specific needs of a distinctive target market. (d) is less obvious to target customers when there is a consistent theme integrated across the four Ps decision areas. (e) can only be based on one important element of the marketing mix.

Answers

Answer:

c) often requires that the firm fine-tune all of the elements of its marketing mix to the specific needs of a distinctive target market

Explanation:

Differentiation is defined as the process by which firms make their products distinct from other competitor's products.

Differentiation is aimed at making a firm's product more attractive to the customer than others in the market.

It involves fine-tuning all of the elements of its marketing mix (price, product, place, promotion) to the specific needs of a distinctive target market.

This makes the product unique and differentiated from others.

On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

beginning inventory= $505,700

Cost of goods manufactured= $290,900

Ending inventory= $485,300

Net sales= $759,200.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 505,700 + 290,900 - 485,300

COGS= $311,300

Now, we can determine the gross profit:

Gross profit= net sales - COGS

Gross profit= 759,200 - 311,300

Gross profit= 447,900

Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork

Answers

Answer:

She lost $754.05.

Explanation:

Giving the following information:

Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.

The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.

Increase in salary= 52,000*1.025= $53,300

Inflation effect= 52,000/(1-0.038)= $54,054.05

To maintain her purchasing power, now, she needs to earn $54,054.05.

She lost $754.05.

When economists determine that a nation’s GDP has declined, they can point to this as a sign of

economic shrinkage.

economic growth.

low unemployment.

poor leadership.

Answers

Answer:

ANSWER: Economic Shrinkage

Explanation:

When Economists determine that a nation’s GDP has declined, they declared that this is a sign of Economic Shrinkage.

This is because Economic Shrinkage is a term that described a decrease or reduction in the level of a country or nation's GDP.

This implies that the level of economic and development growth rate of a specific nation under measure has declined.

A reduction in the GDP of a nation affects the production level, the consumers, and the investors.

Hence, in this case, the correct answer is option A "Economic shrinkage."

Learn more here: https://brainly.com/question/11242891

Solo podrá vender lo que las personas están dispuestas a comprar a ese precio. De esta forma, si el precio que pone es muy alto, venderá pocas unidades mientras que si es bajo, venderá más unidades.

Answers

This question is incomplete, and I couldn't find its missing part online, but I can still assume that what you are giving is a definition and you need to find what it refers to.

Answer:

This definition refers to a monopoly.

Explanation:

A monopoly is a form of market where there is only one company that offers a product or service.

When this happens, only one company can offer this product or service since it has no close competition. This means that consumers who want said product or service can only go to this company and submit to the prices that it may impose.

The established price could be very high, but this could produce a low number of purchases by consumers. While if the price is low, consumers will be more.

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