The use of a credit card is most similar to: Creating legal tender Reducing the value...
Fantastic news! We've Found the answer you've been seeking!
Question:
![The use of a credit card is most similar to: Creating legal tender Reducing the value of the U.S. dollar](https://dsd5zvtm8ll6.cloudfront.net/questions/2023/12/656ac20c87354_1701495216962.jpg)
Transcribed Image Text:
The use of a credit card is most similar to: Creating legal tender Reducing the value of the U.S. dollar Purchasing a certificate of deposit at a commercial bank Obtaining a short-term loan from a financial institution The use of a credit card is most similar to: Creating legal tender Reducing the value of the U.S. dollar Purchasing a certificate of deposit at a commercial bank Obtaining a short-term loan from a financial institution
Expert Answer:
Answer rating: 100% (QA)
Answer I The correct option is Obtaining a shortterm loan from a financial ... View the full answer
Related Book For
Posted Date:
Students also viewed these banking questions
-
Teaching students with disabilities requires knowledge of the law that serves as the foundation of special education, the Individuals with Disabilities Education Act (IDEA). There are specific...
-
Q1. How worried are clients and stakeholders in day-to- day product improvement? 2. the industrial corporation Case for Agility "The struggle is not always to the most powerful, nor the race to the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Thinking Tools Services assembles customized personal computers from generic parts. Formed and operated by part-time SVCI students Paulette Cruz and Maureen Luis, the company has had steady growth...
-
What is the net impact on Werner's net income for the quarter ended March 31, 2013, as a result of this forward contract hedge of a firm commitment? a. $-0-. b. $1,250 increase in net income. c....
-
Marginalise the Gaussian mean from the Gibbs sampler to give a conditional distribution for \(z_{n k}\) conditioned only on the other assignments and the prior parameters \(\left(\mu_{0},...
-
Founded in 1901, Sweet Briar College, in Virginia, had provided higher education to generations of women by 2015. With a campus of 3,250 acres in the foothills of the Blue Ridge Mountains, complete...
-
In 2014, Gray Corporation, a calendar year C corporation, holds a $75,000 charitable contribution carryover from a gift made in 2009. Gray is contemplating a gift of land to a qualified charity in...
-
Match the cost with the cost behavior depicted on each cost/volume graph Total Cost Total Cost Total Cost Production Volume Production Volume Production Volume A. B. C. D. What is the cost behavior...
-
George S. Avery signed a letter regarding the unpaid balance on a $20,000 promissory note owed to Jim Whitworth in the form of a letter addressed to Whitworth stating: This is your note for...
-
To find an coefficients of periodic function defined in one period as f(x) = x for x from -2 to 2 it needs integration using udv method it is zero it is finite value non of mentioned
-
What is the point of learning the principles of double entry and its application since generally, even in very small companies, the process of completing the accounting records and the preparation of...
-
Northern Blue Company has manufacturing plants and retail shops. The retail shops purchase products from the manufacturing plants. Currently, the manufacturing plants are operated as cost centers and...
-
Monsanto is a global agricultural company. In the 1980s, Monsanto noticed that sales were declining in certain foreign markets. The local managers in these markets were asked to increase their...
-
a Accountants cannot do their job effectively if they do not have a detailed understanding of the business bookkeeping systems. b Bookkeeping is done by technicians and computers; it is not a matter...
-
Which of the following is most likely to be true about the financial reporting of a public college or university? a. It resembles the financial reporting of private colleges and universities. b. It...
-
1. a) The development budget of a municipality in Ghana includes expenditure on Feeder Roads, Schools and Water supply. The expenditure on roads, schools and water supply are in the ratio 7:15:2. If...
-
For the following exercises, rewrite the sum as a product of two functions or the product as a sum of two functions. Give your answer in terms of sines and cosines. Then evaluate the final answer...
-
Yves Ltd. acquired a 100% interest in Laurent Enterprises on November 4, 2013. The total price paid was $847,103. The book value of Laurent Enterprises net assets on that date was $450,104 and the...
-
Identifying the entities to be included in the reporting entity is a critical part of public sector financial reporting. Required (a) Explain some inherent challenges faced in defining the reporting...
-
Discuss why a government might record encumbrances in its records and what role these amounts would have in the (a) Management of a government and (b) General purpose financial statements issued to...
-
Data for the Frank B. Robinson Company are presented in PI2-5B. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for...
-
P12-8B Data for Bruce Willis Company is presented in P12-7B. Further analysis reveals the following. 1. Accounts payable relates to merchandise creditors. 2. All operating expenses, except...
-
The financial statements of Bruce Willis Company appear below. Additional information: 1. Plant assets were sold at a sales price of \($37,500\). 2. Additional equipment was purchased at a cost of...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App