How do banks make money off of the credit they issue

Answers

Answer 1

Answer:

The primary way that banks make money is interest from credit card accounts. When a cardholder fails to repay their entire balance in a given month, interest fees are charged to the account. ... When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing ban

Explanation:


Related Questions

what is the importance of clay in human life

Answers

Answer: Fun Fact: Clay is an important part of soil because it contains nutrients that are essential to plant growth

Explanation:

The table below lists the insurance options offered by AA Auto Insurance. Calculate the monthly payment for an insurance plan including the following options: Bodily Injury: $50/100,000 Property Damage: $100,000 Collision: $500 deductible Comprehensive: $100 deductible AA Auto Insurance Type of Insurance Coverage Coverage Limits Annual Premiums Bodily Injury $25/$50,000 $22. 50 $50/100,000 $31. 75 $100/300,000 $40. 25 Property Damage $25,000 $120. 50 $50,000 $144. 75 $100,000 $193. 00 Collision $100 deductible $520. 00 $250 deductible $415. 25 $500 deductible $275. 75 Comprehensive $50 deductible $110. 25 $100 deductible $100. 00 a. $50. 04 b. $50. 90 c. $54. 31 d. $68. 73 Please select the best answer from the choices provided A B C D.

Answers

The selection of the best answer from the choices provided for an insurance premium offered by the AA Auto Insurance is a. $50. 04.

Insurance coverage is a service offered by an insurer (insurance company) to the insured.  If the assured suffers some financial losses., the insurer reinstates the assured to their financial position before the event. For rendering the service, the insurance company collects from the insured some amount, monthly, quarterly, or annual charges called a premium.

Thus, based on the options given, the best insurance premium is a. $50.04.

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From a macroeconomic point of view, increases in ____________ are an addition to aggregate demand, while increases in ___________ are a subtraction from aggregate demand.

Answers

There are different factors that causes changes in demands. An increases in exports are an addition to aggregate demand, while increases in imports are a subtraction from aggregate demand.

When there is an increase in a country's exchange rate increases, note that the net exports will reduce and aggregate expenditure will reduce too at all price level. This therefore implies that Aggregate demand will decrease.

An increase in the exchange rate will decrease aggregate demand when demand is known to be relatively elastic. This is due to exports falling and imports increasing.

An effect of an exchange rate shift is to alter the prices of goods and services produced in a country.

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At the parade yesterday, Kimi sold 24 pink lemonades and 16 iced teas from her food cart. She charged $1.75 more for pink lemonade than for iced tea, and her total sales were $90.
Select the system of equations that represents this situation. Let p represent the price of pink lemonade, and let t represent the price of iced tea..

Answers

Answer:

hi

Explanation:

hi

Kimi sold 24 pink lemonades and 16 iced teas from her food cart. She charged $1.75 more for pink lemonade than for iced tea, and her total sales were $90.The system of equations that represents this situation will be 90=24(t+1.75t)+16(t), where t= price of iced tea.

What is food?

A food is a substance that basically consists the essentials which are needed for survival of a living being like protein, carbohydrate, fat, and other nutrients.

The food or the nutrients is used by the body of an organism to sustain growth and for doing vital processes and to give energy to work. The absorption and utilization of food by the body is important for nutrition and is facilitated by digestion.

The autotrophs or green plants, which convert solar energy to food by the process of photosynthesis, are the main primary source of food for most of the living beings in the earth.

The food is ingested by an organism and assimilated by the organism's cells to provide energy, maintain life, or stimulate growth.

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help me, please i am trapped

Answers

What is the help u what ??

PLEASEEEE HELP The Supplemental Poverty Measure differs from the official poverty measure in a number of ways. What is one particular difference between the two?
(1 point)
O The Supplemental Poverty Measure includes cash income, while the official poverty measure does not.
O
The official poverty measure includes nonmonetary benefits like housing subsidies and tax credits, while the Supplemental Poverty
Measure does not.
O
The Supplemental Poverty Measure includes nonmonetary benefits like housing subsidies and tax credits, while the official poverty
measure does not.
O The official poverty measure includes cash incomes, while the Supplemental Poverty Measure does not.

Answers

The third one ( The supplemental Poverty Measure includes nonmonetary benefits like housing subsidies and tax credits, while the official poverty measure does not.)

The Census Bureau of U.S. started publishing SPM in 2011.SPM includes the non-monetary benefits, while official poverty measure does not.

What is Supplemental Poverty Measure(SPM) and how it is measured?

The U.S. Census Bureau from 2011 stared publishing SPM which shows the poverty measure taken by government to aid/provide assistance to the people below poverty line that are not included in official poverty measure.

SPM income is measured by cash income plus benefits in kind by the government. So it can be said the SPM includes non-monetary benefits like tax credit, house subsidies, food stamps, but the official poverty measure does not.

Therefore, it can be said that option 3 aptly describes the Supplemental Poverty Measure.

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Use the table to answer the question.
Consumption
$2,000
Investment
$1,000
Government Spending $1,000
Imports
$500
Exports
$600
The market value for each type of expenditure is given for a hypothetical country in the table above. Calculate the gross domestic product of this country
(1 point)
o $3,900
O $5,100
O $4,100
o $4,000

Answers

4,100$ is the correct answer for you thanks

You work in sales, and you find your work to be more of a lifestyle than a job. It often involves complex customer situations and weeks of preparation and problem solving to help find workable solutions for those situations. You enjoy it because it enables you to travel to many places and interact with people continuously. However, much of your work involves careful follow-up after your customer visits. Which personal sales channel have you chosen as a career

Answers

There are different aspect of sales. The personal sales channel have you chosen as a career is Field selling.

There are different kinds of selling. they include;

Transactional sellingConsultative sellingField selling  Collaborative selling, etc.

Field marketing which is commonly described as field selling is known to be an old method in direct marketing.  It is when people are involved in distributing, auditing, selling etc., on the field. It is known to be a one-way communication tool.

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what activities does marketing involve besides selling?

Answers

Answer:The activities involved in marketing are

Product and Service Selection. A manufacturer or service provider ideally listens to its customers and prospects before making product and service decisions.

Product or Service Pricing

Product Placement Activities

Incentives and Promotional Activities.

Explanation:

true or false: Directors bring the unifying concept/vision to the production, guiding the rest of the creative team.

Answers

The correct answer is: True.

Directors bring the unifying concept/vision to the production, guiding the rest of the creative team. The given statement is true.

What is the goal of a creative director?

From conception to completion, overseeing the creative process. Convert marketing goals into distinct creative approaches. collaborate closely with cross-disciplinary project teams, especially those in IT. Lead and oversee the production of all marketing materials by the creative team.

The artistic director plans and directs the execution of a production's artistic vision and focus, and frequently the entire program presented by a theater. This role may be combined with that of the Chief Executive, depending on the size and management style of the theater.

Thus, the mentioned above given statement is true.

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An estate left the decedent's farm to eight grandchildren. Because no form of ownership was specified in the decedent's will, each of the grandchildren receives A) a right of possession to one-eighth of the property. B) a one-eighth interest in the property as a tenant in common. C) a severalty interest in one-eighth of the property. D) a joint interest in the entire property.

Answers

A right of possession to one-eighth of the property is what each of the eight

grandchildren will receive.

In cases where there is no will which specifies ownership then the estate will

have to be shared equally between the parties involved. They can however

do what they want with the share allocated to them.

In cases where there is no will and no relative, then it goes to the state. This

case involves eight grandchildren and it gives them the right to own one-

eighth of the property as a result of equal sharing.

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Regina works as a stock clerk at The Store. She has been shortlisted to be promoted as a merchandise manager. During her promotion interview, she reveals to the interviewer that at some point in the next 10 months, she will need to undergo surgery to remove a tumor from her vertebrae and that even if the surgery is successful, her movement after the surgery could be severely limited. In her new job, however, Regina will have to frequently travel between the warehouse and the store and move around the store to ensure that the merchandise is displayed and placed properly. Which of the following holds true in this case?

a. The Store may decline to promote Regina if it is reasonably certain that in the near future she will be unqualified to work as a merchandise manager.
b. The Store may be required to promote Regina, even though she may be rendered unqualified in the near future, only if she agrees to defray the cost of any accommodation that may be necessary.
c. Even though it appears that the surgery may result in Regina being not otherwise qualified for the new job, The Store may not decline to promote her to the new job if she is qualified at the time of the interview.
d. The possibility of future disability is, under the Americans with Disabilities Act, equal to a present disability, regardless of the probability of a disability materializing.

Answers

C is the answer i’m sorry if not

What phrase could a licensee use in advertising that would not discriminate on the basis of familial status

Answers

Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

A familial status discrimination is known to occurs when the landlord, manager  or property owner treats someone very differently.

The other options clearly discriminate the familial status.

Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

Therefore, the Option is correct.

Missing options "Couples only Empty nesters No bicycles allowed Senior discount"

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A limited partnership is an agreement between at least _____ general partner(s) and ______ limited partner(s).

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It should be noted that a limited partnership is an agreement between at least one general partner and one limited partner.

A limited partnership can be regarded as a type of partnership that involves two or more partners entering into a business, even though there liability is amount of their investment.

However, there would be an agreement between them as regards the profits from the business.

We can conclude that limited partnership serves as an agreement that exist among at least one general partner as well as one limited partner.

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Pls help Which of the following is not an example of in-kind assistance? (1 point)
Low Income Home Energy Assistance Program
O
National School Lunch Program
O
Social Security income
Supplemental Nutrition Assistance Program

Answers

Answer:

The Answer is Social Security income

Explanation:

I know this is correct because I just finished the quick check this question was in.

Social Security income is an example of in-kind assistance as in this program the government supports the low-income people and the people with major disabilities.

What is in-kind assistance?

When someone is receiving in-kind support when one offers other a service, supplies, or free assistance. In-kind support is when another group provides free office equipment or meeting space.

The use of a company car or van, private medical insurance paid for by the employer, and the employer helping the employee to transfer the work are examples of in-kind assistance.

Thus, Social Security income is the not correct option for in-kind assistance.

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what is represented by the distance between two vertical white gridlines on this graph?

Answers

The information which is represented by the distance between two (2) vertical white gridlines on the graph in the image attached is: a time span of 50 years.

A graph can be defined as the graphical representation of data (information) on both the horizontal and vertical lines, which are x-axis and y-axis respectively.

In this scenario, the x-coordinates is used to represent time in years ranging from 1500 to 2050.

On the other hand, the y-coordinates is used to represent the total population in billions.

From the graph, we can deduce that each point of the vertical white gridlines with respect to another represent a time span of 50 years.

For example:

[tex]Time\;span = 1950-1900[/tex]

Time span = 50 years.

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the two ways that a corporation can be classified by ownership are

Answers

Answer:

The two ways that a corporation can be classified by ownership are: publicly held and privately held

Explanation:

Corporation is majorly defined by the ownership of the entity and this ownership can only be determined by the number of share being held by private groups and promoters or the general public.

what are the advantages of 2022 versa’s cvt having auxiliary gearing?

Answers

Based on automobile features analysis, the advantage of 2022 versa’s CVT having auxiliary gearing is that "it gives the car the ability to move over different surface types such as rocky land, hills, sand, mud, grass, etc."

Auxiliary gearing in 2022 versa’s CVT

The Auxiliary gearing in 2022 versa’s CVT is designed to transmit power from the engine to the wheels to make all the wheels gain transmitted power, torque, and traction and navigate easily.

Auxiliary gearing in 2022 versa CVT gives the car the ability to move quickly regardless of the nature of the surface.

Hence, in this case, it is concluded that the Auxiliary gearing enhances the easy navigation of cars.

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What is a consumer product?

Answers

Stuff that is bought by ppl

_____ ratios measure the degree and effect of the firm's use of borrowed funds to finance its operations.

Answers

Answer:

DEBT ratios measures the degree and effect of the firms use of borrowed funds to finance it's operations

Answer:

leverage

Explanation:

The four-firm concentration ratio in this industry is ________. Group of answer choices 21% 79% 94% 58% 41%

Answers

Answer:

I'm sorry I looked it up but one site said 41 and another said 79

what is the internet

Answers

Answer:

the internet is a vast network that connects computers all over the world.

Explanation:

says the internet

Which of the following is considered one of the biggest advantages of online marketing?

ability to be individually tailored
ability to cultivate relationships
relatively low cost
ability to get immediate action

Answers

Answer:

Ability to cultivate Relationships .

Online marketing allows you to create new relationships in a targeted way that simply wasn't possible twenty years ago

The CPI of a country in October is given to be 210. In November, the CPI rises to 220. What is the rate of inflation from October to November? Round
your answer to the nearest tenth of a percent if necessary. (1 point)
O 10.0%
O 4.8%
O 1.0%
O 4.5%

Answers

Answer:

4.8%

Explanation:

The rate of inflation is 4.8%.

Given that,

The CPI of a country in October is given to be 210. In November, the CPI rises to 220.

Based on the above information, the calculation is as follows:

= (220 - 210) ÷( 210)

= 4.8%

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bank consistently denies loans to people of color because it believes they are unlikely to repay the amount due on time. This is most likely an example of __________ discrimination.

Answers

The discrimination which involves bank consistently denying loans to people of particular color is an example of Institutional discrimination.

The discrimination described is held-on to by staff because of the laid-down company law, guidelines, tradition etc

An Institutional discrimination refers to those internal policies that result in the denial of resources and opportunities to some class of individual or groups.

The denial of loan provision because of color is possible because the employees held on the company's law, guideline on loan procedure

Therefore, the discrimination which involves bank consistently denying loans to people of particular color is an example of Institutional discrimination.

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Use the table to answer the question.
2007
2008
Price ($) Quantity
Price ($) Quantity
Video Games 60
100
60
200
Movies 15
20
12
50
The table above gives the prices and quantities for a fictional country that only produces video games and movies. What is the growth rate of Nominal
GDP from 2007 to 2008?
(1 point)
O 6,300
O 12,600
O 200%
O 100%

Answers

The growth rate of Nominal  GDP from 2007 to 2008 is 100%.

Nominal GDP is the gross domestic product of a country that is calculated using current year prices. It included real GDP and inflation.

Growth rate in GDP = (nominal GDP in 2008 / nominal GDP in 2007) - 1

Nominal GDP in 2007 = (60 x 100) + (15 x 20)

= $6000 + $300

= $6,300

Nominal GDP in 2008 = (60 x 200) + (12 x 50)

$12,000 + 600

= $12,600

Growth rate = ($12,600 / 6,300) - 1 = 100%

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1. The fundamental problem of economics is:
A. to establish an equitable system of personal and business taxation.
B. to establish a democratic political framework for the provision of social goods and services.
C. the scarcity of factors of production relative to the unlimited wants of humans.
D. to achieve a more equitable distribution of money income in order to mitigate poverty.

Answers

Answer:

I think C is the correct answer.

how did consumerism help cause the great depression?

Answers

It helped keep smiles on peoples faces

A city's water division generated $1.5 million in revenue. It reported expenses of $1 million, which included $200,000 paid to an internal service fund. The water division also transferred $50,000 to the general fund. What amount is the water division's change in net position on the statement of revenues, expenses, and changes in fund net position

Answers

The water division's change in net position on the statement of revenues, expenses, and changes in fund net position amount is $450,000.

Using this formula

Change in net position=Revenue-Expenses-Transfer to general fund

Where:

Revenue=$1.5 million

Expenses=$1 million

Transfer to general fund=$50,000

Let plug in the formula

Change in net position=$1.5 million-$1 million-$50,000

Change in net position=$450,000

Inconclusion the water division's change in net position on the statement of revenues, expenses, and changes in fund net position amount is $450,000.

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how do you wheeze?becasue im lost

Answers

Answer:

breathe out, but try to restrict some of the air passage.

Explanation:

i think plz mark me brainliest

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