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How does a checking account work?
with a Checking account, you can withdraw money, pay bills or make a purchase easily, using checks.
What do pay with that takes cash out of your checking account?
Paying with a debit card takes money directly out of your checking account. When you make a purchase, the amount is deducted immediately, reflecting the transaction in your account balance. Additionally, you can withdraw cash from an ATM using your debit card, which also accesses your checking account funds. This method allows for convenient transactions without needing physical cash.
What is the function of credit reporting agencies?
Credit reporting agencies keep files of information on all consumers who have made credit transactions at some point in their lives. Credit granting institutions may purchase these files
What do you mean by inventory?
Inventory is considered the goods that a company holds to sell to its consumers. One of the few reasons businesses keep inventory is to ensure they have a supply in the event demand increases, allowing its customers to purchase the good without a wait time.
What is the difference between check card debit card and credit card?
A check card and debit card are the same thing. Basically, if you already have a checking account, you would use a debit/check card the same way you would if you wrote a check. You make sure that you have the money in your checking account, scan the card at the retailer, and they will deduct that money from your checking account. A credit card is a loan. You don't necessarily need a checking account to have a credit card. When you swipe the credit card, the credit card company is paying for your purchase out of their money. In turn, they will send you a statement or invoice at the end of each month detailing how much you spent and how much you must pay. The major difference is that a credit card can lead to debt if you aren't disciplined. If you only use a check/debit card, you will never go into debt. When you run out of money in your checking account, new transactions will be declined.
What does automatically withdraws the amount of a purchase from the consumers checking account?
debit card
What automatically withdraws the amount of a purchase from consumer's checking account?
can someone help me with this answer
What automatically withdraws the amount of a purchase from the consumer's checking account?
can someone help me with this answer
The amount that consumers will purchase or consume at a specific price?
The demand or quantity demanded is the amount that consumers will purchase or consume at a specific price.
The general willingness of consumers to purchase a product at various prices is .?
Demand is the general willingness of consumers to purchase a product at various prices.
How will consumers react to the incentive of a higher price on a good or services?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
What fiber do consumers purchase the most?
Cotton
How businesses promote credit to consumers?
Businesses promote credit to their consumers through the allowing of consumers to purchase products through credit transactions provided by the business.
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
What is the economic term that means the amount that consumers will purchase or consume at a specific price?
Demand is the willingness of consumers to purchase a specific amount of a product at different prices.
What satisfaction do consumers get from the goods and services they purchase?
Utility.
What economic term means the willingness of consumers to purchase a specific amount of a product at different prices?
Demand is the economic term meaning the willingness of consumers to purchase a specific amount of a product at different prices.
