The total cost of a cash advance is greater than the amount borrowed because the interest is accrued _____.from the day money is borrowed and transaction fees are triggered

if the advance is not repaid before the grace period and penalty fees are triggered

from the day money is borrowed and membership fees are triggered

if the advance is not repaid before the grace period and transaction fees are triggered

Answers

Answer 1

Answer: The right answer for the question that is being asked and shown above is that: "if the advance is not repaid before the grace period and transaction fees are triggered." The total cost of a cash advance is greater than the amount borrowed because the interest is accrued if the advance is not repaid before the grace period and transaction fees are triggered

Related Questions

Key risk indicators are a. indicators of internal control quality b. substantively equivalent to KPIs c. predictive and usually qantitative c. used primarily by risk-aware, risk-averse entities
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Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. a) Grace periods are actually beneficial to the credit card company
b) There are higher fees associated with grace periods
c) Most banks eliminate their grace period on new purchases if you don't pay your balance in full
d) All credit cards carry a grace period

Answers

Answer:

C. most banks eliminate their grace period on new purchases if you don't pay your balance in full

Explanation:

Which of the following skills are required to be an effective project manager? (choose all that apply)A. communication
B. teamwork
C.friendship
D. time management
E. bossy-leadership style
F. budgeting

Answers

the answer is all of the above

Answer:

A. communication, B. teamwork, D. time management, F. budgeting

Explanation:

got it right on edge

True or false? West African coastal countries have borrowed money from the World Bank and the International Monetary Fund.

Answers

True, West African countries borrowed money fro the World Bank and the International Monetary Fund. West African countries are developing economies which similar to other developing economies in Africa and the rest of the world have taken loans and development funds from the IMF and the World Bank.

True, West African coastal countries have indeed borrowed money from the World Bank and the International Monetary Fund.

Arman sets the goal for his sales team to increase revenue by 40%. Which main function of a manager does this demonstrate?

Answers

the main function that demonstrated by Arman is : Planning

In this step, Arman hasn't yet started how to achieve that goal. But he's already decided the benchmark for his team and started to formed various strategies that they can do

hope this helps

Costs that fluctuate based on production levels achieved are called ________ costs

Answers

The answer is variable. A variable cost refers to the corporate expense that varies with the output of the production. It depends on the company’s production volume; the cost rise if the production increases and fall if the production decreases.

which of any essential product that will be affected by an increase in fuel which is very important even to the poorest of the poor

Answers

One of the essential product that will be affected by an increase in fuel which is very important even to the poorest of the poor is : Food Products.

If the price of fuel increased, the distribution cost for the food products is likely to be increased, which will affect the cost per product of all food Products, which will affect even the poorest of the poor

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How often should you get a credit report?A. once per year B. once per month C. every other year D. just before you apply for credit

A lease calls for a minimum rent of $2800 per month plus 4% of annual gross sales in excess of $500,000. What is the annual rent if the annual gross sales were $725,500?

Bobby consumes only chocolate and vanilla ice cream and he is spending all of his income. For the last scoop of chocolate and vanilla ice cream that he bought, his marginal utility of chocolate is 100 and his marginal utility of vanilla is 250, and the price of chocolate is $1.00 per scoop and the price of vanilla is $2.00 per scoop. Bobby would maximize his utility by_____________________________________ ice cream. Assume that Bobby could buy any fraction of a scoop of (e.g., he could buy ½ scoop) of ice cream (continuous in quantity).A. only purchasing vanilla ice cream, but no chocolateB. purchasing more chocolate and less vanillaC. purchasing more vanilla and less chocolateD. not changing his purchases of chocolate and vanillaE. only purchasing chocolate ice cream, but no vanilla