0
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 !
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
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.
Does being in good standing with a current credit card rise your credit score even though you still have collections and chargr offs?
Keep in mind that what you have done in the last 24 months is what considered most. You can be in good standing with your credit card--but not using it properly will still affect your score. As Phil Turner said in his book titled "The Credit Bible" "If your credit card balance is over 30% of the balance, this will affect your score." Those collection account and charge offs will hurt, but not as much in 24 months.
How a credit agreement may be terminated?
A credit agreement that affects real estate can be terminated by paying off the balance and requesting a release/discharge from the lender that can be recorded in the land records. If the agreement doesn't affect real property then any balance must be paid off and the account should be closed.
Would taking a loan from your current 401K account to pay off your credit card affect your credit history?
No. Loans from 401(k) accounts are not usually reported to credit reporting agencies, so it should not affect your credit history favorably, or negatively.
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
How will posting an amount applied to a deductible affect the balance due on a patient account?
it reduces the balance due.
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.
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 account does not affect the balance sheet or income statement?
One not associated with the business.
How will weather affect the inflation of giant balloons?
how will the weather affect the inflation of the ballooons
What affect Adjusting entries?
always affectsa balance sheet and an income statement account
What does adjusting entries affect?
always affectsa balance sheet and an income statement account
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.
How will inflation affect hospitality industry in Nigeria?
how does inflation affect hospitality in nigeria industry
Describe three factors which can affect the precision of the auditor's expectation concerning an account balance?
ON9
