Which one of the following is the most accurate statement? a. Banks usually extend overdraft privileges only to their largest depositors.
b. Bankers know that if they extend overdraft privileges, virtually all their depositors will end up having to pay substantial finance charges.
c. Using overdraft privileges are a great way to borrow money, because you won’t have to pay any finance charges if you pay off your balance before the end of the month.
d. If you have a low checking deposit balance and your bank has extended you overdraft privileges, then every check, debit charge, or ATM withdrawal puts you at risk of racking up substantial finance charges.

Answers

Answer 1
Answer:

Answer: The following is the most accurate statement:

  • Bankers know that if they extend overdraft privileges, virtually all their depositors will end up having to pay substantial finance charges.

Explanation:

The overdraft concept takes into account payments made by the financial entity that exceed the balance of the account holder. When a company opens a checking account with a specific value, it has the possibility of writing checks for a value equal to or less than what it has in its balance, but in certain cases the bank allows you to write checks for a value greater than the account balance and it is there when the bank overdraft takes place.

With the overdraft, what is actually achieved is that the bank provides a loan, even if it is only a few days to cover the overdraft there is. This situation implies a fairly high expense in relation to the amount and duration of the debt.

It is worth mentioning that these overdrafts are designed to be short term, and it is recommended that they be 30 days maximum. In addition, the surplus becomes enforceable from the day following the granting.


Related Questions

From the material in the lesson, where would you most likely find secondary sources? archives/ museums /libraries
When an agent breaches an agency contract, the principal may use his or her right of ________ to nullify at his or her discretion any contract the agent negotiated.
Which of the following is a statement of opinion by President Bush?a. "Our nation needs an immigration system that serves the American economy, and reflects the American Dream. " b. "Many of you here today are Americans by choice, and you have followed in the path of millions." c. "14 percent of our nation's civilian workforce is foreign-born." d. "Many immigrants also start businesses, taking the familiar path from hired labor to ownership."
Nelson has recently begun to feel that he has no control over his life. Which of the following is he most likely to do as a result? a. abandon his religious beliefs b. adapt through post-traumatic growth c. develop a negative affectivity towards the world d. adopt superstitious beliefs to explain eventsd. adopt superstitious beliefs to explain events
In advance of the election for County Sheriff, Edward and Mike are discussing the different candidates. Edward states: "I haven’t really researched the positions and backgrounds of the two people running. In order to do so properly I would have to invest a great deal of time, and, after all, the chance of my vote deciding the election is very small and I don’t think things will be very different for me regardless of who wins." His statement is closely related to the issue of:______________

An action taken to control or influence an area or people in an area is called __________.a. a quota
b. territoriality
c. an embargo
d. a sanction

Answers

I had this question and I took what I thought would be the best guess and ended up getting it right... the correct andswer for this question is
B.) territoriality

Answer:

the answer is b. territoriality :)

Explanation:

hope this helps, have a great day! <3

What was one of the main causes of the French and Indian War? a) concern for the Indians
b) desire for land and power
c) Canadian tax laws
d) different political philosophy

Answers

Answer:

I think it is B.) desire for land and power

Explanation:

Which of the following is an issue that would need to be determined by Constitutional law? 20points-A city wants to review articles about its commission meetings before they are published in the local newspaper.
-A city fines a homeowner for a yard cluttered with old cars, lawnmowers, and broken furniture.
-A homeowner wants to sue a builder for payment for a roof damaged by the builder's workers.
-A police department wants to arrest a citizen for spray-painting a company's street sign.

Answers

Out of the choices provided above, it can be concluded to state that the statement, ''A city wants to review articles about its commission meetings before they are published in the local newspaper.'' is the one that describes an issue to be determined under the Constitutional Law. Therefore, the option A holds true.

What is the significance of Constitutional Law?

A Constitutional Law can be referred to or considered as the set of legal rules and regulations passed and brought into enforcement as per the state or the national constitution of the respective authority. It consists of laws that are enforceable in the court of laws and outside the courts.

When the local government is of the intention to review articles about its commission meetings, it is a concern handled by theconstitution with the articles contained in it. Thus, the laws maintained under the constitution will be taken into consideration before review.

Therefore, the option A holds true and states regarding the significance of Constitutional Law.

Learn more about Constitutional Law here:

brainly.com/question/1432210

#SPJ3

It is obviously not the last one the case is not as SEVERE, it isnt -A homeowner wants to sue a builder for payment for a roof damaged by the builder's workers. that could just be issued in a regular Court case. So the two options are the remaining. The case would have to be really SEVERE for the Constitution to even review it. 

Which of the statements best describes comitatus? It made life more bearable by providing companionship. It was closely linked with pagan warriors. It was a curse.

Answers

The answer would be : It made life more bearable by providing companionship

Comitatus refer to Some sort of Friendship Agreement between Germanic King and his Warriors

This Agreement usually state something like : the warrior promised to stayed at the kings' Side no matter what circumstances that may happen

Final answer:

Comitatus describes a relationship between a leader and his followers in early Middle Ages, especially among Germanic tribes. Followers pledged their loyalty to the leader in exchange for protection and shared spoils. Hence, comitatus was closely linked with pagan warriors.

Explanation:

The term comitatus refers to a historical concept that originated during the early Middle Ages, practiced especially among the Germanic tribes. It denotes a relationship between a leader, often a warrior chieftain, and his followers (or 'comites'). These followers would pledge their loyalty to their leader, promising to fight for him in exchange for his protection and the promise of shared spoils from war or conquest. The concept later influenced feudal relationships of vassalage in medieval Europe.

With this in mind, the statement that best describes comitatus from the options given is: it was closely linked with pagan warriors. This is because Germanic tribes during the early Middle Ages, who predominantly practiced this model, were traditionally pagan.

Learn more about comitatus here:

brainly.com/question/1299290

#SPJ12

If consumer sovereignty is considered greatest in a system of pure competition, why is sovereignty still limited?

Answers

Limits to consumer sovereignty can be the price set by producers on their goods and services.  There is also competition on which goods one can purchase.  You also have to consider the purchasing power of the consumer. Consumers can only buy what the best products that they can afford.

I'd say C. Choices are driven by price when goods are identical.

A monopolist will have a marginal revenue curve that is - identical to the demand curve. identical to the marginal cost curve. below the demand curve. above the marginal cost curve.

Answers

below the demand curve