c. Membership in ASHI
b. Construction experience
d. Engineering experience
b) is true only in efficient markets.
c) means that savers and borrowers have the same information.
Answer:
The correct option is (C)
Explanation:
The information is a critical aspect of any financial market. Transparency is all about having everybody the same information. The symmetric information is all about transparency and having the same information. It means that borrower's and savers have the same information. It helps to stop misconduct and inside trading. The symmetric information helps borrowers and savers to trust the market and invest.
Leadership would be very formal and strict. Managers would expect their subordinates to conform to the system that they implement and follow it to the letter. This is a very tight style of management where the employees have to adapt to the management if they want to stay employed.
Option A is correct.
Credit cards charge the highest interest rates.
Further explanation:
Credit card:
Credit card is issued by financial institutes such as banks. A credit card is a plastic card that allows the cardholders to borrow the funds from the respective bank and spend the funds as per their requirements. A credit card can be used for the purchase of goods and services. A credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the borrowed amount along with interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.
Justification for the correct and incorrect answer:
A
Credit cards: This option is correct.
Credit cards are used for the purchase of products or services. Credit card charges the highest rate of interest than the mortgage loans or any other loans.
B
Cashier's checks: This option is incorrect.
Cashier’s checks are a check guaranteed by the bank or financial institution. They are mainly required by the brokerage transactions. They also charge a high rate of interest but not more than the credit card’s rate of interest.
C
Pre-paid cards: This option is incorrect.
Pre-paid cards include MasterCard, Visa, and American express, these can be used anywhere for purchasing any item like shopping or goods purchased. And pre-paid cards charge the lowest rate of interest for loading the amount in the card.
D
Payday loans: This option is incorrect.
A payday is a small amount of loan taken for any purpose. Payday loans are expensive but they do not charge a high rate of interest than the credit cards. They charge a high rate of interest depending upon the income of the borrower for taking short-term loans.
Thus, credit cards charge the highest interest rates.
Learn more:
1. Common credit card fee
2. Charging fee in case of credit card
3. Consequences of non-payment of monthly credit card payment
Answer details:
Grade: High School
Subject: Business studies
Chapter: Money and banking
Keywords:Which payment method typically charges the highest interest rates, Credit cards, Cashier's checks, Pre-paid cards, Payday loans, MasterCard, Visa, American express, lower, loading, amount, short-term, high rate of interest.