Your grandmother is giving you $1,000 as a graduation present but has indicated that you must open an account with a financial institution so you have financial foundations in place when you start college. In town, there are a commercial bank, credit union, and a savings and loan. Using the PACED model, compare these three institutions to determine which one you would select and explain why.

Answers

Answer 1

Using the PACED model, after comparing  these three institutions. The best choice to open an account with is commercial bank.

What is  commercial bank, credit union, and a savings and loan?

Commercial bank can be defined as a  financial institution that offers several financial services such as:

Depoist Saving accountLoans

A credit union ia also a financial institution that is non profit and they as well accept deposit and gives out loan to their members.

Savings and loan is a institution accept deposit  and give out real estate loan.

The best choice when using PACED model for decison making is for her to open a savings account with a commercial bank reason being she will be able to save while she earn interest on the amount saved.

Inconclusion  Using the PACED model, after comparing  these three institutions. The best choice to open an account with is commercial bank.

Learn more about Commercial bank here:https://brainly.com/question/1238952


Related Questions

The standard overhead applied is based on the ______ level of activity multiplied by the predetermined overhead rate. Multiple choice question.

Answers

The standard overhead applied is based on the actual level of activity multiplied by the predetermined overhead rate.

Suppose you are working for a small start up as a purchasing agent. You are purchasing a product that requires that you pay in bitcoins. The product costs 1.75 bitcoins. The exchange rate is 0.0035 bitcoins per dollar. What will the product cost you in U.S. dollars

Answers

The product cost in US dollars given the exchange rate of bitcoins per dollar is $500.

What is the product cost in US dollars?

The exchange rate is the rate at which one currency is exchanged for another currency. In this question, 1 dollar is equivalent to 0.0035.

$1 = 0.0035 bitcoins

1.75 / 0.0035 = $500

To learn more about exchange rate, please check: https://brainly.com/question/25780725

A decrease in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate.

Answers

A decrease in the discount rate increases bank reserves and increase the money supply if banks respond appropriately to the change in the rate.

What is discount rate?

Dscount rate serves as the rate of interest that the central bank charges on its loans and advances to a commercial bank.

Therefore, when there is increase in discount rate, there will be increase in money supply.

Learn more about discount rate at;

https://brainly.com/question/7459025

From a liquidity standpoint, which is more desirable for a company to have?.

Answers

current assets exceed current liabilities.

Mr. Carpenter devotes his working time to producing tables and chairs. An increase in the demand for chairs will result in

Answers

Answer:

An increase in his opportunity cost of producing tables

Explanation:

Mr. Carpenter devotes his working time to producing tables and chairs. An increase in the demand for chairs will result in an increase in his opportunity cost of producing tables.

What is demand curve?

There has difference between changes in demand and changes in quantity demanded. The entire curve showing the various combinations of price and quantity demanded represents the demand curve. A change in the price of the good does not shift the curve (or change demand) but causes a movement along the demand curve.

The price plays a crucial role in maintaining the supply and the demand chain, as with the decrease in the price, there will be an increase in the demand and this affects the supply chain which is reduced.

The supply has been the practice of the serving commodities in the market, while the demand has been the requirement of the commodity in the market.

Therefore, Mr. Carpenter devotes his working time to producing tables and chairs. An increase in the demand for chairs will result in an increase in his opportunity cost of producing tables.

Learn more about demand and supply on:

https://brainly.com/question/14940425

#SPJ5

When the Fed buys bonds the supply of money Group of answer choices increases and so aggregate demand shifts right. decreases and so aggregate demand shifts left. decreases and so aggregate demand shifts right. increases and so aggregate demand shifts left. Flag question:

Answers

When the Fed buys bonds the supply of money increases and so aggregate demand shifts right.

What is the impact of the Fed buying bonds?

When the Fed buys bonds, it is known as an expansionary monetary policy. Expansionary monetary policy increases the supply of money in the economy.

When the supply of money increases, disposable income increases and this increases the demand of goods in the economy. This shifts the aggregate demand  cuve to the right.

To learn more about monetary  policies, please check: https://brainly.com/question/25716528

If stockholders were upset that eric yuan allowed security problems to surface because he was focused on other things, the situation could be considered an example of.

Answers

If the stockholders of the company get mad at Eric Yuan for focusing on other things and allowing security problems to emerge, this is the Principal-Agent problem.

What is the Principal-Agent Problem?

This refers to a situation where the agent (management) do not act in the best interest of the principal (stockholders) and instead focus on their own issues.

In this scenario, Eric Yuan is most likely the agent and the stockholders are angry with him for not acting in their best interest by letting security problems arise.

Find out more on the principal-agency problem at https://brainly.com/question/14186012.

Which of the following is not a true statement about filing bankruptcy? a. bankruptcy erases all of your debt. b. it is possible to rebuild your credit after filing bankruptcy. c. there are exemptions that allow you to keep essentials. d. bankruptcy stops aggressive action by creditors. please select the best answer from the choices provided a b c d

Answers

Bankruptcy does not clear all the debt. Under Bankruptcy, not all debts can be discharged, however, and some are very difficult to discharged.

What is Bankruptcy?

Bankruptcy is a legal process in which individuals or other organizations who are unable to repay their debts to their creditors may seek relief from some or all of their debt.

In many places, a lawsuit was probably settled out of court, as the debtor was likely to pay.

Bankruptcy gives people in debt the opportunity to restart by closing or by restructuring. In both cases, the court may impose a fine on the debt.

Once the debt has been settled, the lender will no longer be able to take action against the debtor, such as trying to collect debt or take any security.

Thus, Option a. bankruptcy erases all of your debt is the correct answer.

To learn about bankruptcy, refer:

https://brainly.com/question/26392690

The term _________________ refers to the additional utility provided by one additional unit of consumption.

Answers

Answer:

Marginal Utility

Explanation:

Marginial Utility is the term used to describe the additional amount of utility (utils) given by consuming one additional unit of a product.

For example, the first bite of a cupcake could be 20 utils.

If the second bite of cupcake adds 15 utils (up to 35 utils), then the marginal utility is 15 utils.

How long it will take for an investment of 3000 dollars to double in value if the interest rate is 8 percent per year, compounded continuously

Answers

Answer:

8.66435 years

Explanation:

With no annual or monthly contribution, and no inflation, it'll take around this long.

A manufacturer who want to encourage repeat purchases and offer the consumer an immediate reward might consider what type of promotion?

Answers

A manufacturer who wants to encourage repeat purchases and offer the consumer an immediate reward might consider what type of promotion?

   ⇒ online coupons

Hope that helps!

Your friend is thinking of hiring a financial planner to help him manage his portfolio. What should he be on the lookout for? Why?

Answers

Answer:

You should look for How much money should I invest and where? What is my current net worth? Can I afford to retire? How do I invest to achieve my short and long-term life goals? How much money do I need and when? You should ask these questions because they are important to consider when your going to hire someone in the financial business.

Explanation:

However, these may not be what most people ask when they are going to hire a financial planner. This is just what I would question them and myself about.

When developing an advertising campaign, the company first identifies and analyzes the target audience then

Answers

Answer: defines the advertising objectives

Explanation:

Preston has to make four phone calls to clients today. the call to mr. miller will take about an hour to complete, the call to ms. winnecuit will take about five minutes to complete, the call to mr. drudge will take about thirty minutes and the call to mrs. french will take about fifteen minutes to complete. if all the calls are equally important, who should preston call last? a. mr. miller (1 hour) b. ms. winnecuit (5 minutes) c. mr. drudge (30 minutes) d. mrs. french (15 minutes) please select the best answer from the choices provided a b c d

Answers

Answer:

miss winnecuit the explanation above

Answer:

A. Mr Miller (1 Hour)

Explanation:

edg I promise I got a 100%

3. What challenges do you anticipate in implementing some of the above steps? Explain.

Answers

In implementing some of your steps, anticipate the challenges as they are bound to e related to your specific goal.

What are challenges?

Generally, challenges are simply a competitive situation to determine who is superior in a specific field.

In conclusion, in carrying out set goals, missions, or said steps or series of activities we tend to meet challenges, and these challenges are anticipated by the nature of activity.

Read more about Humans

https://brainly.com/question/18540902

ABC Company supplies ink cartridges for printers on the aftermarket (i. E. They sell replacement cartridges). The demand for the cartridge is 400 units per week, with a standard deviation of demand of 30 units per day. The holding cost of the cartridge is $3/unit/year while the ordering cost is $190/order. The company works for 50 weeks per year at 5 days per week. The desired service level for this part is 99%, it takes 5 days to get it from the supplier. The company is investigating the possibility of implementing a continuous review (EOQ) inventory system. Assume that you found the economic order quantity is 1400 units. How many times on average would you need to place an order for ink cartridges next year (rounded up to nearest whole number)

Answers

By implementing a continuous review (EOQ) inventory system with an EOQ of 1,400 units, ABC Company should place 15 orders for ink cartridges next year.

What is an EOQ inventory system?

An EOQ (Economic Ordering Quantity) inventory system is an inventory management technique that ensures:

Efficient inventory management decisions.The optimal amount of inventory is ordered.Annual demands are met.Holding and ordering costs are minimized.

Thus, by implementing a continuous review (EOQ) inventory system with an EOQ of 1,400 units, ABC Company should place 15 orders for ink cartridges next year.

Learn more about the EOQ model at https://brainly.com/question/16024963

#SPJ1

Which of the following illustrates the most economically sound choice for brad? buying both a car and a home leasing both a car and home buying a car and leasing a home leasing a car and buying a home

Answers

Buying both a car and a home best illustrates economics sound choice of brad.

What is a brad?

A brad is a device that have a slight projection that help to fasten paper or object. It is a thin, soft metal, such as shim brass, wihich has a round head and a flat, split shank, which spread wide on pages or as a cotter pin or a split rivet.

They are use to attach shoe moldings and fastened small ornamental parts on furnitures Brads are use to glue wooden parts together.

Therefore, Buying both a car and a home best illustrates economics sound choice of brad.

Learn more about brad below.

https://brainly.com/question/1966853

Answer: Keep it simple: A    

Explanation:

buying both a car and a home

A(n) _____ system is a computer-based information system that produces standardized reports in summarized structured form to support middle managers.

Answers

Answer:

The management information system(MIS)

Which of the following statements is correct? assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.

Answers

If a project's NPV is less than zero, then its IRR must be less than the WACC is correct in the project being considered has normal cash flows, with one outflow followed by a series of inflows.

What is normal cash flow?

The normal cash flow stream consists of an initial investment outlay followed by positive net cash flow throughout the project's life cycle.

It's also known as a traditional cash flow stream. In a traditional cash flow stream, cash flows only change direction once.

Thus, if project is NPV is less than zero IRR is less then WACC

For more details about normal cash flow, click here

https://brainly.com/question/19568484

#SPJ1

To positively stimulate an economy using fiscal policy, government spending should ______, and taxes should ______.

Answers

Answer:
rise;fall

Explanation:

The government might issue tax stimulus rebates to increase aggregate demand and fuel economic growth. The logic behind this approach is that when people pay lower taxes, they have more money to spend or invest, which fuels higher demand.

A patent lasts for twenty years and is renewable after this term.
true false

Answers

Answer:

i think false if you get it wrong you fault for agreeing with me WC

Explanation:

contrast direct taxes with indirect taxes.

Answers

Direct tax is a tax that is paid by the assesses to the government directly, whereas the indirect tax is one which is paid by the assesses indirectly to the government.

What is the difference between direct taxes and indirect taxes?

A direct tax is one that is paid by the person directly to the government, here the burden of tax is not shifted to anyone.

Example: Income tax, wealth tax, gift tax, etc.

An Indirect tax is one that is paid by the person indirectly to the government, here the burden of tax is shifted to any person.

Example: Goods and Services Tax, custom duty, excise duty, etc.

Therefore, the direct tax is paid to the Central Board of Direct Tax and the indirect tax is paid to the Central Board of Indirect Tax.

Learn more about tax, refer to:

https://brainly.com/question/16423331

#SPJ1

One important advantage of forming a partnership is that this form of business organization gives each owner sole control over the business. True False

Answers

ANSWER

Most U.S. businesses have no employees other than the owner. One important advantage of forming a partnership is that this form of business organization gives each owner sole control over the business.

As marketing manager for BoomBees Industries, you should be aware that legislation affecting business around the world will continue to

A. Exist

B. Increase

cremain steady

O D. Decrease

E threaten the Ghanaian domestic economy

Reset selection

Answers

As marketing manager for BoomBees Industries, legislation affecting business around the world will continue to increase.

Who is a manager?

A manager simply means an individual who controls and guides other staffs in the organization to achieve a common goal.

In this case, as a marketing manager for BoomBees Industries, legislation affecting business around the world will continue to increase.

Learn more about manager on:

https://brainly.com/question/24553900

What defines, recommends, and sets flexible supply chain strategies based on an organization’s operations and resources?.

Answers

The thing that defines recommends, and sets flexible supply chain strategies based on an organization's operations and resources are supply chain optimization.

What do you mean by supply chain strategy?

Supply chain strategy management means the involvement in the movement of products or services from suppliers to distributors.

Supply chain optimization aims at ensuring the optimal operations of a manufacturing and distribution supply chain. Supply chain optimization has applications in all the manufacturing industries distributing retail, industrial, and packaged goods.

Therefore, supply chain optimization recommends and sets flexible supply chain strategies based on an organization's operations and resources.

Learn more about Supply chain strategy here:

https://brainly.com/question/4500753

#SPJ1

The British government increased the national debt from $75 million to $133 million by borrowing from ________ and British bankers.

Answers

The British government borrowed from the Dutch and British bankers and this increase its national debt from $75 million to $133 million.

What is a national debt?

This means the total amount of all debts owed by the government of a country.

These debt are used to service infrastructure, cater expenditure when there are insufficient revenue to cater for such.

Therefore, the British government borrowed from the Dutch and British bankers.

Read more about national debt

brainly.com/question/4371750

Assuring consumers that the company follows responsible information practices and that there are consequences for failing to do so is called:

Answers

A notice/awareness is a business ethics term that refers to informing customers that the firm uses responsible information practices.

What is a business code of ethics?

A business ethics code is a collection of governing principles meant to guarantee that a company and its workers operate with honesty, truthfulness, and integrity in all aspects of its daily operations and only participate in activities that contribute to the betterment of the consumers in the society.

A notice/awareness is a business ethics term that refers to informing customers that the firm uses responsible information practices and that there are repercussions for failing to do so.

Learn more about the business code of ethics here:

https://brainly.com/question/24606527

Using the information provided, calculate the direct materials quantity variance. Standard price $3.00 per pound Actual price: $3.20 per pound Actual quantity used: 5,200 pounds Standard quantity allowed: 5,000 pounds

Answers

Based on the actual quantity used and the standard quantity allowed, the direct materials quantity variance is $600 Unfavorable.

What is the direct material quantity variance?

This can be found by the formula:

= (Standard Quantity allowed - Actual quantity used) x Standard price

Solving gives:

= (5,000 - 5,200) x 3

= $600 Unfavorable

In conclusion, the variance is unfavorable because the standard quantity is lower than the actual quantity.

Find out more on material quantity variance at https://brainly.com/question/15083738.

Match each participant in the economy with one action that contributes to
the circular flow of the free-market system,
Consumers
?
Providing investment
capital
Governments
?
Paying wages
Producers
?
Collecting taxes

Answers

Consumer - Provide investment

Government - collecting tax

Producer- Pay wages

What is free market?

Free market is a market that allows people or individual to trade without restrictions by the government.

It allows for inter trade without any policies by the government. The market is determined by the sellers.

Therefore, action that contributes to

the circular flow of the free market is

Consumer - Provide investment

Government - collecting tax

Producer- Pay wages

Learn more on free market here

https://brainly.com/question/24519548

#SPJ1

In both perfect competition and monopolistic competition, each firm Group of answer choices has some monopoly power. sells a product that is at least slightly different from those of other firms. faces a downward-sloping demand curve. has many competitors.

Answers

In both perfect competition and monopolistic competition, each firm has many competitors.

What is a perfect competition and monopolistic competition?

A perfect competition is when there are many buyers and sellers of  similar goods and services. Market prices are set by demand and supply. There are no barriers to entry or exit of firms into the industry.

A monopolistic competition is when there are many firms selling slightly different products in an industry. A monopolistic competition faces a downward sloping demand curve.

To learn more about perfect competition, please check: https://brainly.com/question/17110476

#SPJ1

Other Questions
Find the point at which the line f ( x ) = 4 x 2 intersects the line g ( x ) = x 2 The first state to leave the union after the election of 1860 was:. OK hi i wrote a poem can you tell me if its good or scary thank you its for school.Roses are red violets are blue and now i will be doing a poem on this i will do. When the time is wrong but never right. when i see you at night the trees light up the night. Do not run Do not cry Dont you even dare to cry. i will find you i am the monster that hunts you at night. I lerk beneath where you sleep i am the fears you have at night i am always on your mind. i am the fear or your worst nightmare. You can run and hide but i will try! So keep running little ones. I will be there at night. Those shallow screams you hear at times or the screams for help there just a lie i am coming to get you oh how i am like a stalker that is never there and when Darkness holds me back as I creep through the day but when it comes to night just you wait For now hide till then have a good night. As an object moves around, on which quantities does the change in its gravitational potential energy depend?. Can someone help me with this problem? Its rlly hard Which of the following animals follows an innate behavior to live in large groups of the same species?lionscheetahstigersleopards The return on the Rush Corporation in the state of recession is estimated to be -22% and the return on Rush in the state of boom is estimated to be 31%. The return on the Oberman Corporation in the state of recession is estimated to be 42% and the return on Oberman in the state of boom is estimated to be -15%. Given this information, what is the covariance between Rush and Oberman if there is a 0. 60 probability that the economy will be in the state of boom and an 0. 40 probability that the economy will be in the state of recession. Place your answer in decimal form and not as a percentage how can i write this in a calculator? What role did nationalism play in the late 1800s? I need help please!!! 20 POINTS!!! En tu opinin, cundo es una persona un "adulto?" Cules son unas caractersticas que un adulto tiene que un joven no tiene? Relata el significado de quinceaeras al convertirse en ser adulto. Ests de acuerdo o no?Explica tu opinin. Tu respuesta debe tener una extensin mnima de 5 frases detalladas y completas. You will be graded on (a) appropriate use of grammar and vocabulary, (b) completeness and detail of the response, and (c) overall quality of the response What was the impact of excerise stress on blood pressure and heart rate? Part EUsing the dimensions from part D, find the area of each simple shape. Do this for all your decompositions (sets of shapes). help me out please look at photo How does population play a role in government policy? Find the Circumference. PLSSS HELP IF YOU TURLY KNOW THISS which of president herbert hoover's actions in office would john maynard keynes most likely agree with brainly HELP ME PLEASE My last question BRAINLIEST!!!!! FAST ANSWERThe coordinate grid shownrepresents a map of a park. Aportion of the park is going to beupgraded with new playgroundequipment and flowersPart AThe portion of the park that is toreceive upgrades has thefollowing coordinates:Part BHow much area, in square yards, will receive upgrades?Part CHow much area, in square yards, will have red flowers?Select locations of points Point A (-4,4) Point B (3, 4) Point C (3,-2) Point D (-4,-2)Use the Add Point and ConnectLine tools to create the rectangleABCD.