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In 2003 the profits for credit card companies was estimated at 30 billion dollars.

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10y ago

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What is the effect of credit policy on performance profitability and liquidity?

The credit policy generally demands payment. Working class professionals will generate more money in order to sort out credit requirements.


What are the interest rates on credit card?

Interest Rates on credit cards, comes from banks or credit union that provides to the consumer borrowed money, this over a period of time that the money is borrowed. When the consumer has not paid back the borrowed money in the time that was agreed, then occur a calculation of the interest base on the credit of the consumer ( or card holder) and this represent the bankers profit. Interest rates can vary from 7 to 35%. This Interest Rate is an annually basis or APR and this fee is for the privilege of borrowing money


Who made money in the banking industry?

In the banking industry, profit is typically made through interest income from loans, fees for services, and investment activities. Major commercial banks, investment banks, and credit unions often generate substantial revenue. Additionally, financial institutions that successfully manage risk and diversify their portfolios can also see significant profits. Key players such as JPMorgan Chase, Bank of America, and Goldman Sachs are notable examples of organizations that have made considerable money in this sector.


What is the best strategy for trading options using a credit iron condor?

The best strategy for trading options using a credit iron condor involves selling an out-of-the-money call spread and an out-of-the-money put spread simultaneously to generate a credit. This strategy profits from the passage of time and a decrease in volatility. It is important to manage risk by setting appropriate stop-loss levels and adjusting the position as needed.


Can you wire money directly to a credit card?

No, you cannot wire money directly to a credit card.

Related Questions

How much money does the music industry gross annually?

64 billion a year


Did the video game industry generate more money than the film industry last year?

yes


How much money does the sporting industry generate per year?

One Dollar


What is the effect of credit policy on performance profitability and liquidity?

The credit policy generally demands payment. Working class professionals will generate more money in order to sort out credit requirements.


How much money is spent on cosmetics in the us?

the average amount spent annually on makeup is 8 billion dollars.


How much money did ice cream generate in the early 2000s?

Ice cream was a $20 billion industry in the early 2000s


How much money does the fantasy football industry gross?

The fantasy football industry is estimated to generate over $7 billion annually in the United States alone. This revenue comes from various sources, including entry fees for leagues, advertising, sponsorships, and merchandise sales. The popularity of fantasy sports continues to grow, contributing to its substantial economic impact. Overall, the industry's rapid expansion reflects the increasing engagement of fans with fantasy sports platforms.


What did the FTC do to save consumers money in the ophthalmic goods industry?

the FTC lifted the restrictions on advertising with the hope of saving consumers as much as $400 million annually.


What are the interest rates on credit card?

Interest Rates on credit cards, comes from banks or credit union that provides to the consumer borrowed money, this over a period of time that the money is borrowed. When the consumer has not paid back the borrowed money in the time that was agreed, then occur a calculation of the interest base on the credit of the consumer ( or card holder) and this represent the bankers profit. Interest rates can vary from 7 to 35%. This Interest Rate is an annually basis or APR and this fee is for the privilege of borrowing money


Is 73000 a lot of money to make annually?

Yes, it is compared to what others make annually.


How is credit history established?

Credit history is established through the use of credit accounts, such as loans and credit cards, which are reported to credit bureaus by lenders. When an individual borrows money or uses credit, their repayment behavior—including on-time payments, missed payments, and overall credit utilization—gets recorded. This information is compiled into a credit report, which is then used to generate a credit score. Over time, consistent and responsible credit use helps build a solid credit history.


What type of money does The money multiplier effect shows that when a bank has a lower reserve rate they are able to generate what money?

The money multiplier effect illustrates that when a bank has a lower reserve requirement, it can generate more "credit money." This type of money is created through lending, as banks can lend out a larger portion of their deposits, effectively increasing the total money supply in the economy. As loans are made and deposited back into the banking system, this process can continue, amplifying the initial amount of money deposited.