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WHAT IS IT CALLED WHEN money earned on savings accounts and other funds?
The money earned on savings accounts and other funds is called "interest." Interest is typically expressed as a percentage of the principal amount and can be calculated as simple or compound interest, depending on how frequently it is applied to the account balance. This earnings mechanism encourages saving by providing a return on deposited funds.
Is a attorney general in charge of state funds?
false, the comptroller is in charge of state funds.
The accumulation of funds over time where previous interest earned remains in the account to earn additional interest is called?
compounding interest.... i think
What are the interest rates that the federal reserve bank charge on loans they make to commercial banks and thrifts are called what?
Federal Funds Rate
What is it called not having enough money in the bank?
Insufficient Funds. Most banks will show INS on your statement and most will charge a fee for this.
Do I have to pay taxes on the funds in my checking account?
Yes, you may have to pay taxes on the interest earned from the funds in your checking account, but not on the actual funds themselves.
Someone takes charge of collecting funds?
Someone can take charge of collecting funds as long as they keep a good record of all money that is received for the organization.
Should one be investing funds?
One should be investing funds if they have some surplus to invest. An investment of funds can be very rewarding and gratifying once the interest is earned.
What is the person that takes charge of collecting funds called?
The person responsible for collecting funds is often referred to as a treasurer or a fundraiser. They oversee financial transactions, manage budgets, and ensure that donations or contributions are properly received and recorded.
What is the difference between a credit card hold and a charge?
A credit card hold is a temporary authorization of funds on a credit card, while a charge is the actual transaction where the funds are deducted from the card.
What are no load funds?
Generally mutual funds charge an entry load of 1-2% of the investment amount everytime an investor makes an investment in their fund. Similarly they charge an exit load of 1-2% when the investor redeems his investment within a certain timeframe. No load funds are those that do not charge either an entry or an exit load.
Which apostle had charge of the common funds?
Judas was treasurer for the apostles.
