Making a minimum payment: A.Means you are paying a small portion of your total credit card debt B. Is the same thing as making a late credit card payment C. Will have a negative effect on your credit score D. Will cause your credit card to be cancelled

Answers

Answer 1

Answer: Making the total minimum payment each month means you avoid a late payment fee and ensures you can keep using your card. This is the defenition of making a minimum payment so I would go with answer A

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Select all of the information that appears on a bank statement.account balanceSocial Security numbertransactions that have clearedaccount numberaccount holder's name
Lucky started a new business last year. Since it was the first year of operation, the business purchased $10,000 in machinery and used the straight-line method for depreciation. Business is booming, so Lucky purchased $15,000 in equipment during the current year to help meet production demands. Which of the following statements is true regarding the depreciation choices available to Lucky? The new machinery can be depreciated under the same method or a different method than the previously purchased machinery T/F
5. A _______ is legally separate from its owner, and it pays its own taxes.A. corporationB. partnershipC. sole proprietorshipD. small business

Which of the following actions would the Federal Reserve most likely take to rein in spiraling inflation? Generate more money

Increase reserve requirement

Lower the discount rate

Buy of government securities

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Question 2 (Multiple Choice Worth 5 points)

[04.04MC]

Which of the following actions would the Federal Reserve most likely take during an economic recession?

Increase reserve requirement

Raise interest rates

Lower discount rate

Sell government secur

Answers

The right answer for the question that is being asked and shown above is that: "Increase reserve requirement." The action that would the Federal Reserve most likely take to rein in spiraling inflation is that of Increase reserve requirement.

The right answer for the question that is being asked and shown above is that: "Increase reserve requirement."

Final answer:

The Federal Reserve could increase reserve requirement to control inflation by restricting money supply, and lower the discount rate during an economic recession to stimulate spending and economic activity.

Explanation:

To rein in spiraling inflation, the Federal Reserve would most likely increase reserve requirement. This means they would require banks to hold a larger portion of their assets in reserve, thus decreasing the amount available to lend, stifling the supply of money, and helping to control inflation.

On the other hand, during an economic recession, the Federal Reserve would most likely take the opposite approach. To stimulate the economy, they would likely lower the discount rate. This move would make it cheaper for banks to lend money, thereby encouraging consumer and business spending and potentially help stimulate the economy out of recession.

Learn more about Federal Reserve here:

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Which of the following is NOT shown on a production possibilities curve? A. all of the goods and services an economy has the ability to produce B. the efficiency of an economy C. whether an economy has grown or shrunk D. the opportunity cost of a decision to produce more of one good or service

Answers

I think the correct answer from the choices listed above is option B. The efficiency of an economy is not shown on a production possibilities curve. The production possibilities curve assumes that all inputs are used efficiently. Hope this answers the question.

How do businesses deal with poverty and what contribution do they make towards it sustainability?

Answers

Businesses can deal with poverty through providing programs that would encourage employment and growth of individuals who are not that privileged. Also, they can provide scholarships to the less-fortunate people who They can also send their employees to non-government organizations to help them in their sustainable programs for the community.

Suppose that shortly after graduating from college you decide to start your own business. Assuming you are starting a small business and realize that you need someone with particular expertise or business skills, which category of firm are you most likely to start?A. Sole proprietorship. B. Partnership. C. Corporation. D. All of the above are equally alike. E. A and C are more likely than B.

Answers

Answer:

Partnership

Explanation:

A partnership is a business established by two or more people, who are co-owners of the partnership.

Some of the advantages of setting a partnership over a sole proprietorship are:

greater financial capability since all the co-owners invest in the partnership instead of just the sole proprietor
the skills and expertise of the partners can be combined

Some of the advantages of setting a partnership over a corporation are:

Much easier and less expensive to setup and organize
A partnership is a more personal business, it's your business, not someone else's

People who make goods and services are called _____ . consumers
producers
investors

Answers

People who make goods and services are called PRODUCERS.

They are called producers because they produce the goods and services needed by the consumers.

Consumers are people who requires the goods and services provided by the producers.

People who make goods and services are called PRODUCERS.

They are called producers because they produce the goods and services needed by the consumers.

Lydia, a minor, charges the cost of a smartphone at a Mobile Devices & Minutes store. Two nights later, Lydia loses the phone at Natural Foods restaurant. She disaffirms the phone’s purchase. Lydia owes Mobile Devices the reasonable value of the phoneA) if it is deemed a necessary
B) if it is deemed a luxury.
C) if it is deemed unique.
D) under no circumstances.

Answers

Answer:

A) if it is deemed a necessary good

Explanation:

Minors are not usually bound by a contract, and most of the time they can avoid liability under a contract. Minors can only sign a valid contract if it includes something that is essential for them. Medicines, food and medical services are the only things that are usually considered essential for a minor.

So the store has to prove that selling her the cell phone was a necessity, and something essential for her. It is possible to prove that it was a necessity, but it is something very difficult to do.

But the fact that the contract is not valid doesn't mean that Lydia can do whatever she wants. Her parents are responsible for returning the cell phone or since she lost it, they are responsible for paying it.

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Which type of portfolio might a young investor who is not afraid of risk choose?a. A portfolio of with a high percentage of stocks b. A portfolio with a high percentage of conservative mutual funds c. A portfolio that is mostly cash d. A portfolio with a high percentage of treasury bonds.