Ewa signs an instrument unconditionally promising to pay to "Sunny State Bank" $5,000 with interest in installments with the final payment due June 1, 2013. Refer to Fact Pattern 24-2B. The instrument that Ewa signed is most likely

Answers

Answer 1

Answer:

Answer:

a promissory note

Explanation:

Based on the information provided within the question it can be said that the instrument that Ewa signed is most likely a promissory note. This is a not that enforces an unconditional promise, from one individual to another promising to make a certain payment in a certain time period. Which is exactly what EWA is signing when agreeing to pay $5,000 with interest in installments with the final payment due June 1, 2013.

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Improving the general quality of life

James has purchased a 10 year bond that pays $50 coupon. If interest rates go up,

Answers

The bond PRICE will go DOWN

A home mortgage is considered a secured loan because it is backed by __________.

Answers

It is backed by collateral, and in this case since it is a home mortgage, the collateral is your home. That means that if you don't pay your loan monthly payments on time or don't pay them at all, then they can take your home away and you can end up on the streets. That's why it is secured, it is secured for the bank, not for you.

Denzi, a logistics company, recently launched an online application. To help set up the application's unique selling point, researchers at Denzi assessed the marketing strategy of another popular online application. This is an example of _____.

Answers

Answer:

C. Benchmarking

Explanation:

Benchmarking is a systematic process that involves measuring the performance of a company's product or service against another company's product or service assumed to be the best in the industry. It involves comparing the way a business run its operations with the best business operations in the industry. In this case, Denzi carried out a benchmarking process by comparing its online application with a popular one, most likely the best in the industry given it's popularity.

Randy works 50 weeks a year, averaging $500 a week in wages. He is offered a salaried position at $27,500 a year. If he accepts it, he will make ______

Answers

$2,500 more than before

2,500 would be the answer hope this helps

It is important to keep the same tense in your business writing, because otherwise your readers may ______.a.Become too relaxed.
b.Become too confident
c.Become too confused
d.Become too relatable

Answers

I believe it's confused, due to changing the writing style.

it is confused i just took the test

Which payment method typically charges the highest interest rates? A Credit cards B Cashier's checks C Pre-paid cards D Payday loans

Answers

The payment method that typically charges the highest interest rate is D.) PAYDAY LOANS.

According to articles I read, payday loans can reach a maximum of annual percentage rate of 400% of the principal while credit card APR can range from 12% to 30%.

Cashier's checks and pre-paid cards do not have interest rates because these items are paid in cash and not loaned.

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:

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.

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.

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.

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

brainly.com/question/1124275

2. Charging fee in case of credit card

brainly.com/question/2668305

3. Consequences of non-payment of monthly credit card payment

brainly.com/question/3211811

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.

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