A checking account is the most liquid type of account, offering easy access to funds for everyday expenses. It has no restrictions on withdrawals or transactions, making it ideal for immediate financial needs.
A checking account is typically the most liquid type of account. It offers quick and easy access to funds, allowing account holders to make withdrawals, write checks, and use debit cards for purchases. The funds in a checking account are readily available and can be accessed at any time without any restrictions or penalties. This high level of liquidity makes checking accounts ideal for everyday expenses, bill payments, and other immediate financial needs. Unlike other types of accounts, such as savings accounts or certificates of deposit, checking accounts do not have limitations on the number of transactions or require advance notice for withdrawals. However, it is important to note that the level of liquidity may vary depending on the specific terms and conditions of the checking account, such as any minimum balance requirements or fees associated with certain transactions.
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Pn = P0(1+r)∧n
Pnis future value of P0
P0 is original amount invested
r is the rate of interest
n is the number of compounding periods (years, months, etc.)
P(n) = 2250(1+(.03/4)∧8
** since the interest is compounding quarterly, you need to divide the rate by 4, the number of quarters in a year.
Then you would do the math.
Answer:
Option (B) is correct.
Explanation:
Marginal benefit refers to the benefit that a consumer can get from consuming an additional unit of a commodity.
If the marginal benefit is greater than the marginal cost then a consumer is continuing consuming the additional units of a commodity.
A consumer uses the marginal analysis for deciding whether to consume an extra unit of a commodity or not. In this analysis, a consumer compares the marginal benefit with the marginal cost.
B. things you can't afford.
C. budgeted expenses you need to pay over time.
D. wants rather than needs
Answer:
Oil and Gas Industry
Explanation:
The oil and gas industry boom was responsible for the international earning for Ghana in the 1990s and Nigeria in the 21st century. Ghana has been producing oils since the 1990s, but the discovery of silver jubilee field in 2010, it started to produce 240 MMbbl liters of oil and 396 Bcf of Gas. While in Nigeria oil was discovered in 1958 and it has been the largest oil producer in sub-Saharan Africa and became a member of OPEC in 1971. Its estimated production of crude oil was 2.413 barrels per day in 2005. In both, the oil boom transformed the economy.