What is the purpose of the Electronic Funds Transfer Act?

Answers

Answer 1

Answer: The Electronic Fund Transfer Act was passed by the U.S. Congress in 1978 and signed by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the responsibilities of all participants in electronic funds transferactivities.

Related Questions

Sam, an American citizen, prepares meals for his family at home. Ellen, a Canadian citizen, commutes to the U.S. to help prepare meals at a restaurant in Idaho. Whose value of services preparing meals is included in U.S. GDP?
Select all of the information that appears on a bank statement.account balanceSocial Security numbertransactions that have clearedaccount numberaccount holder's name
Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider effects that may only become observable over time. This statement most clearly emphasizes:A. The fallacy of compositionB. Economizing behaviorC. The importance of secondary effectsD. The fact that association is not causation
Tristan and Juliet, a newly married couple who intend to go to Egypt for their honeymoon, bought a Europe travel package on Jizo Inc., an online travel site. As they have never seen Europe or used the services of Jizo before, they were largely dependent on other customers' feedback and signals for service quality. Which of the following characteristics of service is highlighted in this instance?1. service inseparability2. service intangibility3. service perishability 4. service distinction 5. service variability
The ______ is the amount returned to the investor at the maturity date when the bond is due.A. Capital gainB. PrincipleC. Terminal Value

A meteor is approaching Earth. Which statement about its motion is true?

Answers

The answer would be B. The meteor accelerates.

Hope this answer helps! feel free to ask any additional questions :)

Answer:

B) The meteor accelerates :P

Explanation:

The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.

Answers

The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved.

The essence of the question is about competitive markets. This is wrong because the example above is not a competitive market because the entry of goods is not free. And also not all companies can enter this market freely, therefore this market cannot be said to be a competitive market. Because there are only one distributor and no other competitors.

Further Explanation

The competitive market refers to a market characterized by a high level of competition. There are a large number of potential buyers and sellers, all of whom are individually powerless to influence market prices.

Characteristics of Competitive Markets

There are many independent sellers and buyers.
Large market liquidity.
The balance of demand and supply determines the market price, the price for the seller and the price for the buyer.
Goods must be identical, so it does not allow producers to charge a higher price than the market price.
There are no external interventions that can affect the performance of market mechanisms.

Types of markets the imperfect competition:

Monopoly: A single seller dominates the entire market.
Oligopoly: There are several sellers who have more than two and fewer than ten and act in the competition.
Monopsony: Many sellers and one buyer.
Oligopsoni: Many sellers and some buyers.
Monopolistic: Many sellers with different products and have their own characteristics.

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Competitive Market brainly.com/question/933427

Imperfect Competitive Market brainly.com/question/933427

Details

Grade: High School

Subject: Business

Keywords: market, competitive, imperfect

A tenancy for years is created when a lease specifies a duration. True
False
User: A tenancy at will is created by an express contract by which property is leased for a specified period of time true or false

Answers

It is true that a tenancy for years is created when a lease specifies a duration.
And it is false that a tenancy at will is created by an express contract by which property is leased for a specific period of time, because this refers to tenancy for years.

Pool Manufacturing manufactures parts for one type of pool. The managerial accountant provided the following data for April:Pool ManufacturingManufacturing Report for AprilNumber of parts produced40,000 partsStandard variable manufacturing overhead rate$35 per machine hourStandard hours required per part0.20 machine hoursActual machine hours3,250 machine hoursActual variable manufacturing overhead costs$102,000What are the actual variable manufacturing overhead costs in April associated with the manufacturing the pool parts?The actual costs in April associated with the manufacturing the pool parts = $102,000.The costs are given to you in the information in the problem.

Answers

Answer:

Actual variable manufacturing overhead = $102,000

Variable cost variance = $-178,000

Explanation:

Number of parts produced = 40,000 parts

Standard variable manufacturing overhead rate = $35 per machine hour

Standard hours required per part = 0.20 machine hours

Actual machine hours = 3,250 machine hours

Actual variable manufacturing overhead costs = $102,000

Standard hour required to produce 40000 parts = 0.2 × 40000

= 8000 hours

Standard variable manufacturing overhead = 35 × 8000

= $280,000

The actual variable manufacturing overhead costs in April associated with the manufacturing the pool parts is $102,000

Variable cost variance = actual variable manufacturing cost - standard variable manufacturing cost

Variable cost variance = 102000 - 280000

= -178,000

Variable cost variance is $-178,000 (favourable)

Whether you are dealing with a loan or a credit card, the amount of interest your payment includes each month is known as what?Finance charge

Minimum payment

Principal

Annual percentage rate (APR)

Answers

Answer:

Finance charge

Explanation:

The difference between the cost of a product or service and the selling price of that product or service is called

Answers

Answer:

rate

Explanation:

it's called at rate

Final answer:

The difference between the cost of a product or service and the selling price is called profit margin. It measures the profitability of a product and is calculated by subtracting the cost from the selling price, and then dividing by the cost.

Explanation:

The difference between the cost of a product or service and the selling price of that product or service is called profit margin. It is a crucial financial metric used in business to measure profitability. The profit margin is usually expressed as a percentage. For example, if a product is bought for $50 and it is sold for $70, the profit margin would be 40%, calculated by subtracting the cost from the selling price, dividing by the cost, and then multiplying by 100.

Learn more about Profit Margin here:

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Other Questions

One problem with socially responsible business policies is that they tend to undermine the value of the firm to its owners.True or False?

The total amount, including the sales tax and the shipping fee, that Steve paid for the game was $120. What was the shipping fee, in dollars? Show or explain how you got your answer.

Today, Jennifer earns $45000 at her first job. Her mom used to make $15,000 at her first job in 1975. Jennifer is of the opinion that she makes more than her mom would have made if she started working today. Her mom thinks Jennifer would have earned less than she itf Jennifer had started working in 1975. If the CPl today is 237 and the CPl in 1975 was 82, A. Jennifer is correct. Her mom's salary in today's dollars would be $43354. B. Jennifer is wrong Her mom's salary in today's dollars would be $5190 C. Jennifer's mom is wrong. Jennifer's salary in 1975 dollars would have been $15570. D. Jennifer's mom is correct. Jennifer's salary in 1975 dollars would have been $130061.

The Federal Application for Student Aid (FAFSA) form: