Why is it important for young people to establish a good credit history as soon as possible?
What will be an ideal response?
Answer: People that have not established any credit in their name do not have a credit report or credit score established. Potential creditors will have to assume that you are a high risk until you actually demonstrate good credit behaviors. This means you may be denied credit or will pay a higher APR and have a lower credit limit than you may want or need. You will also pay higher rates for your personal insurance until you have established a good credit score. Many employers also use credit scores for employment decisions and not having one may place you at a disadvantage.
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The Fifth Amendment to the Constitution provides Robert, an employee of Mattax Paper Co, due process protection from being fired without a hearing by a neutral fact finder
a. True b. False Indicate whether the statement is true or false
Data Processing, Inc is a service firm that performs word processing functions for law firms, corporations and government agencies. Their facilities consist of 120 office units with a word processor in each unit. Their facilities were formerly a shoe
manufacturing plant, and all of the office units are located in one large room. Over the past 14 months, 7 of the 120 word processors have been diagnosed with breast cancer. In six of the seven cases diagnosed, there is no family history of breast cancer. Jane Quinn, the owner and CEO of data processing, has seen a cluster study that links employment as a word processor to a higher rate of breast cancer. Ms. Quinn does not disclose the study to her employees and takes no further action. Discuss the ethical issues.
Which of the following statements is FALSE?
A) Corporations use interest rate swaps routinely to alter their exposure to interest rate fluctuations. B) The value of a swap, while initially zero, will fluctuate over time as interest rates change. C) An interest rate that adjusts to current market conditions is called a floating rate. D) When interest rates rise, the swap's value will rise for the party receiving the fixed rate; conversely, it will fall for the party paying the fixed rate.
Lance bought 120 shares of stock at $25.28 per share. Several months later he sold the stock at $24.70 per share. His broker charges 3% commission for round lots and 4% for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)
A) $3,139.66 B) $3,033.60 C) $259.52 D) ($259.52)