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What is a country with an official settlements balance of zero and a negative current account balance is called a?
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∙ 12y ago
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∙ 12y ago
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What if you have a negative balance in your bank account for 6 months?
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
What does a negative credit balance mean on home loan statement?
Excess of repayment over scheduled or expected repayment. For eg. the expected balance in a HL account on a given date is 10,000/-, the actual account balance should have been 8,000/- as per the repayments made, the excess repayment of 2,000/- is negative credit balance or unadjusted repayment.
If you have a stock trading account with a balance of zero and you no longer want to make any trades do you have to close the account Can you just let the account get negative with maintenance fees?
yep.
What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
Can a self directed IRA have a negative balance?
No, IRAs can not have a negative balance.
What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
What is a negative account?
Below 0 balance.
Has negative current account balance always negative impact on economy?
yes
Has negative current account balance always negative impact on the economy?
yes
What is the term for the amount of money you have in your account?
The amount of money available in an account is usually referred to as the "balance" of the account. The cash balance may be positive or negative.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Will having a negative balance in an unused checking account affect your credit rating?
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
What does it mean if your account has a minus sign?
IT most likely means that your overdrawn on your account and its at a negative balance.
What if you have a negative balance in your bank account for 6 months?
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
What does put in the black mean?
To be put in the black means that you have money or your account shows a positive balance. Being in the red means that your account has a negative balance.
What is the balance in the account after the cheque is written out?
The balance of an account is the cash that is in it at any given time. It may be a positive or, if you have been given permission, negative amount.
How can you use negative numbers to represent real-world problems?
An overdrawn balance on your bank account is a negative number !
