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Current account balance is preserved by delocalisation of money around the world like river flow. If it fails to occur,then inflation comes before us disgusing in huge problem. The main reason behind this, is bad management in finace world and also in the field of combatting blackmeller and money hoarder !
What else can I help you with?
Why does my available balance not match my current account balance?
Your available balance may not match your current account balance because some transactions, like pending deposits or withdrawals, may not have been fully processed yet. This can temporarily affect the amount of money you can access in your account.
If you close a credit card will it hurt your credit?
It will not affect your credit if you pay off the balance when you close the account.
Was the ATM the answer to inflation?
No. The ATM does not in any way affect or answer inflation. It is just a machine through with customers can do banking transactions without visiting their bank. It does not cause or affect inflation. Only the country's central bank can control inflation by changing regulatory policies.
How does closing a savings account affect my credit score?
Closing a savings account does not directly affect your credit score because savings accounts are not reported to credit bureaus. However, if you have a negative balance or owe fees on the account, it could be sent to collections, which could then impact your credit score.
How can closing a bank account potentially impact my credit score?
Closing a bank account can potentially impact your credit score if the account has a negative balance or if it is your oldest account. This can affect your credit history and overall credit utilization, which are factors that can influence your credit score.
Why does my available balance not match my current account balance?
Your available balance may not match your current account balance because some transactions, like pending deposits or withdrawals, may not have been fully processed yet. This can temporarily affect the amount of money you can access in your account.
How would a relatively high home inflation rate affect home country's current account other things being equal?
Inflation, which is the rise in prices of goods and services within a country, could cause a deficit, or at least an imbalance (depending on the length of the higher inflation time period) in the current account.
a.Explain how a relatively high home inflation rate affect the home Country’s current account, other things being equal?
look at this
What is the main source of fluctuations in the current account balance?
The main source of fluctuations in the current account balance is the variability in trade in goods and services, which is influenced by factors such as changes in domestic and foreign demand, exchange rates, and economic conditions. Additionally, income transfers, including remittances and investment income, can also affect the balance. Fluctuations in net income from abroad and shifts in consumer and business confidence further contribute to changes in the current account. Overall, these factors interact dynamically, impacting the overall balance at any given time.
What does current balance mean?
Current balance refers to the amount of money available in a financial account at a specific point in time. This figure includes all deposits, withdrawals, and any pending transactions that may affect the account's total. It is crucial for managing finances, as it indicates how much can be spent or withdrawn without incurring overdrafts or fees. Understanding one's current balance helps in making informed financial decisions.
How will posting an amount applied to a deductible affect the balance due on a patient account?
it reduces the balance due.
How does account receivable affect net income?
Account receivable is a balance sheet item shown under current assets on the asset side, having a debit balance. It doesn't have anything to do with net income as accounts receivable is never shown in the trading profit and loss account. Only credit sales relating to such receivables during the current year forms part of the credit side of profit and loss and nit the account receivable itself.
What is a source that could be used in developing an expected account balance?
Financial information from comparable prior periods adjusted for any changes expected to affect the balances of the current period.
What account does not affect the balance sheet or income statement?
One not associated with the business.
What does adjusting entries affect?
always affectsa balance sheet and an income statement account
What affect Adjusting entries?
always affectsa balance sheet and an income statement account
How will inflation affect hospitality industry in Nigeria?
how does inflation affect hospitality in nigeria industry
