Henry has a checking account that earns interest but requires a minimum balance. He tries to make sure that he maintains that minimum balance in order to earn interest on his funds. Evidently he has a:
a. U.S. Savings Bond
b. certificate of deposit
c. money market account
d. NOW account
e. IRA
d. NOW account
You might also like to view...
________ exports can be caused by a(n) ________ currency, which can cause slower growth
A) Decreasing; appreciating B) Decreasing; depreciating C) Increasing; appreciating D) Increasing; depreciating
Which of the following statements concerning societal culture is most likely false?
A. To most outsiders, the most salient and visible aspect of any culture is the values. B. The beliefs and myths of a culture that provide context to manifest behaviors are generally hidden from view. C. Becoming aware of cultural perspectives is critical for leaders in the global context. D. Societal culture is comprised of the learned behaviors characterizing the total way of life of members within any given society.
Van is sick and tired of his job. His doctor certifies that his health may be compromised if he continues to work at his current job. He sells his life insurance policy to Life Settlements, Inc for $50,000 so he can take a break from work. He has paid $10,000 so far for the policy. How much of the $50,000 must Van include in his taxable income?
A margin call (also known as "maintenance call" or "house call") will be issued when the actual margin declines below the maintenance margin.
What will be an ideal response?