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A law that establishes a maximum interest rate for credit transactions of 24 percent substantive or procdural?
Wiki User
∙ 11y ago
substantive law
Wiki User
∙ 11y ago
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Is a cross currency swap an FX transaction?
A cross surrency swap has elements of both currency and interest rate transactions.
How does a bank makes its profit and generates revenue?
Banks make their profit through interest from loans, credit cards etc. and also from the fees from having a bank account and eftpos transactions etc. _____________________________ Fees and Interest.
What is EIBOR?
It is the interest rate charged by banks in the United Arab Emirates for interbank transactions. It is the reference rate commonly used to conduct financial transactions in Dubai and the surrounding Emirates. Many Islamic banks it as a benchmark for determining the rental rates for special leasing agreements.
What are banking transactions?
Lodging money into a bank account is a transaction, as is withdrawing money. Adding interest to an account is a transaction. Direct debits are transactions. Deducting bank charges is a transaction. Basically any sort of activity involving a change of money in an account is a transaction. You will get a list of them on a bank account statement.
What does a bank do?
In basic terms a Bank accepts money for deposit - paying interest for the use of people or companies money - protecting it and then turns around and lends that money out charging a fee and/or interest for the use of loaned money.Today banks facilitate transactions, such as direct deposit or purchases through electronic means.
A law that establishes a maximum interest rate for credit transactions of 24 percent is it substantive or procedural law?
a law that establishes a maximum interest rate for credit transactions of 24 percent
What property interests are protected by substantive due process?
The property interest protected by substantive due process is the deprivation of property.
What is substantive representation?
Substantive representation is when the legislature advocates for certain groups. These groups can be individuals or any kind of special interest groups.
What are the differences between substantive procedures and substantive analytical procedures?
They are not both "analytical", but "substantive" and "analytical". Substantive procedures are reviews of documents for a "substantial portion" of account activity, while analytical procedures includ controls test and test relying on mathematical relationships reflectinb accounting mecvhanics, contractual provisions [debt times interest rate], or business capabilities [production per machine hour or day].
What items do not have NZ GST added on them?
Domestic rental and financial transactions (eg interest and bank charges).
What is the highest allowable interest rate for used card in Iowa?
IOWA, the legal rate of interest is 10%. In general consumer transactions are governed at a maximum rate of 12%.
Does a law that restricts a fundamental right violate substantive due process unless it promotes a compelling or overriding state interest?
the answer is TRUE... looked it up in my Business law book
Is a cross currency swap an FX transaction?
A cross surrency swap has elements of both currency and interest rate transactions.
What is the relationship between audit risk and test of controls and substantive test?
Test of account balances to verify the correctness of the amounts. The three forms of substantive tests are: (1) tests of transactions (which are often conducted concurrently with compliance tests); (2) tests of balances; and (3) analytical review procedures.Tests of transactions and balances gather evidence of the validity of the accounting treatment of transactions and balances. They are designed to identify errors and irregularities. Statistical sampling may be used in determining the accuracy of financial statement numbers.Tests of transactions may be conducted continually throughout the audit year or at or close to the balance sheet date. When the CPA traces a sales invoice from the journal to the ledger for correctness, it is called a transaction test. When the CPA compares the book balance of cash to the book balance, it is a test of balances. This test is done near or at the year-end reporting date. Another substantive test is calculating interest expense on corporate debt and verifying the amount in the financial records. analyticalreviewprocedures involve examining the reasonableness of relationships in financial statement items and uncovering variations from trends. The procedures may be applied to overall financial information, financial data of segments, and individual elements. If relationships appear reasonable, evidence corroborating the account balance exists.hope you get ur answer :)M.Salman Pasha
How debit and credit related to transactions?
A debit is taken straight from the money you have in your bank account. A credit is taken, then the cost billed to you. With a debit, you pay now with no interest. With a credit, you pay later with possible interest added to it.
How does a bank makes its profit and generates revenue?
Banks make their profit through interest from loans, credit cards etc. and also from the fees from having a bank account and eftpos transactions etc. _____________________________ Fees and Interest.
What is EIBOR?
It is the interest rate charged by banks in the United Arab Emirates for interbank transactions. It is the reference rate commonly used to conduct financial transactions in Dubai and the surrounding Emirates. Many Islamic banks it as a benchmark for determining the rental rates for special leasing agreements.
