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What are the parts of balance of payments?
Balance of payments is a collection of accounts conventionally grouped into three main categories, with subdivisions in each. The three main categories are: 1) Current Account 2) Capital Account and 3) Reserve Account
How can you calculate the loss of real value in a 10000 savings account if inflation is 10 a year for 3 years versus the loss of real value if inflation remains around 3. How much less would that savi?
...savings account be worth if inflation goes up? (For this exercise, do not consider interest paid.)
Why is consumer price index an imperfect measure of the cost of living?
1) CPI does not account for all goods, only some of them. 2) CPI does not account for quality. 3) CPI does not reflect economic conditions surrounding CPI.
What are goldie lock rules in economics?
1. Incentives matter. 2. There is no such thing as a 'free lunch'. 3. Watch for unintended consequences. 4. Everything action involves a trade-off.
What is the role of commercial bank in indian economy?
A commercial bank is a normal bank that provides the basic banking services to its customers. Some of the different services available from commercial banks to its customers are: 1. Checking/Current account 2. Savings accounts 3. Internet/Mobile Banking 4. ATM Cards 5. Check Books 6. Deposit Accounts 7. Loans 8. Credit Cards etc.
How many bank accounts should you have?
At least 3. A checking account, a savings account to link to the checking account so the bank doesn't charge you for overdraft fees and a separate savings account in a different bank just in case of emergency purposes.
Can a corporation have a interest bearing checking account?
A corporation that is a for profit corporation cannot have an interest bearing checking account. However, it can have an earnings credit which is similar to an interest rate. With an earnings credit the interest earned on the Checking account is used to offset monthly fees/ charges on the account, if interested earned using the earnings credit is more than the total amount of fees/ charges it is considered a surplus and does not accrue to the checking account balance. A non profit corporation such as a 501.c.3 Can earn interest on Checking accounts due to the not for profit status.
What is the minimum amount needed to open a checking account with Compass Bank Online?
Compass Bank offers 3 different types of checking accounts, Compass Link, Build to Order, and Basic. All 3 choices however have the same minimum to open an account set at 25$.
Can a corporation have an interest bearing checking account?
A corporation that is a for profit corporation cannot have an interest bearing checking account. However, it can have an earnings credit which is similar to an interest rate. With an earnings credit the interest earned on the Checking account is used to offset monthly fees/ charges on the account, if interested earned using the earnings credit is more than the total amount of fees/ charges it is considered a surplus and does not accrue to the checking account balance. A non profit corporation such as a 501.c.3 Can earn interest on Checking accounts due to the not for profit status.
If you don't have a checking account and have received an 8000 check How do you cash it?
Open a new account and cash it. Banks would take a maximum of 2-3 working days to create a new account for you.
When you open a checking account what type of card do you fill out?
no i do not know the answer but why not put about if someone has to give 1,941.07 $ in 3 and ahalf weeks
Josie has 47 left on her checking account. If she writes a check for 55 what will Josie's balance be?
josies new balance will be -3
How long does it take to get ct tax refund if you efile and have it direct deposited to checking account?
If you efiled, then it should be in your account within 3 to 5 days. I always get it in 4 days.
What things does a person need to open a checking account?
When opening up a checking account every person who will be on the account needs.. 1) To be present. 2) To have their Social Security Number. 3) To have a Passport or State Issued Driver's License or State Issued Identification card. For children a School I.D. will work just fine.
How long does it take to get ct state tax refund if you efile and have it direct deposited to checking account?
If you efiled, then it should be in your account within 3 to 5 days. I always get it in 4 days.
What is a dormant checking account?
A dormant Checking account is one that hasn't been actively used for the previous 3-6 months. Banks usually place accounts as dormant or inactive once they cross 60 or 90 days of inactivity to avoid illegal activities in the bank. For ex: let's say a bank customer has died and so he won't be doing any transactions. So the account is supposed to be inactive, but what if his friend found his ATM card after 3 months and tries to use it? That wouldn't be right, isn't it? That is why banks make inactive or dormant accounts.
I have a cd and checking account at citi bank is it safe until next 2 or 3 years?
Citi Bank is FDIC insured up to 100,000.
