What Account is Credited When a Debit Card is Used to Purchase Supplies?
421 days ago
When a debit card is used to buy supplies, the Cash Account is credited, reducing the cardholder's checking account balance and accurately recordi...
Before Giving a Loan to a Customer, a Lender Examines the Customer’s Credit Report. Which Explains Why the Lender Examines the Customer’s Credit Report?
421 days ago
The lender examines the customer’s credit report to assess their ability to repay the loan, based on their credit history and financial obligati...
Many Checking Accounts Offer Multiple Ways of Accessing Money in Addition to Checks. Which of These Can Be Used to Access Money in a Checking Account?
421 days ago
Debit cards provide direct access to funds in a checking account, allowing for purchases, cash withdrawals, and online transactions....
Who Would Most Likely Be a Cosigner on Some Student Loans?
422 days ago
A cosigner for student loans is typically a creditworthy adult, often a parent or guardian, responsible for ensuring timely repayment and meeting mini...
How Long Are HELOC Loans?
422 days ago
HELOC loans vary from 5 to 30 years, with a 5-10 year draw period for borrowing and a subsequent 10-20 year repayment period. Specific terms depend on...
If a Person Qualifies, Why is It Better to Accept a Subsidized Loan Before an Unsubsidized Loan?
422 days ago
Accepting a subsidized loan is better for eligible individuals because it has lower, fixed interest rates supported by the US Department of Education,...
What Is The Purpose Of The FAFSA?
422 days ago
The FAFSA determines college financial aid by assessing family income, ensuring fair distribution of grants, loans, and work-study options, promoting ...
Which Resource Would Not Have Reliable Information About Student Loans?
422 days ago
A money wiring agency would not have reliable information about student loans, unlike loan officers, school counselors, and financial aid officers....
Credit Is When The Lender Doesn’t Require You To Put Down A Security Deposit Or Collateral.
422 days ago
Credit doesn't always exclude the need for collateral, some lenders require security deposits or collateral for certain types of credit....
When Researching Financial Aid Options, Who You Contact First?
422 days ago
Contact your educational institution's financial aid office first for guidance on scholarships, grants, work-study, and loans, ensuring accurate a...
At What Point Are You No Longer Eligible To Receive Direct Subsidized Loans?
422 days ago
You lose eligibility for direct subsidized loans after surpassing 150% of your program's duration, such as six years for a four-year program....
At the Penalty Apr Rate of 28.99% and a Balance of About $1800, Approximately How Much Interest Would You Owe in One Month?
422 days ago
At a penalty APR rate of 28.99% and a $1,800 balance, you would owe approximately $40 in interest in one month....
What Percentage of Americans Do Not Have Between $500 to $1,000 on Hand to Cover an Unexpected Emergency?
422 days ago
Around 63% of Americans do not have $500 to $1,000 readily available for unexpected emergencies, underlining significant financial challenges for a ma...
What is Cash Advance APR?
422 days ago
Cash Advance APR is the interest rate charged for borrowing cash through a credit card, typically higher than regular purchase rates and often accompa...
What is It Called When an Attacker Convinces You to Enter Personal Information at an Imposter Website After Receiving an Email From a Person Masquerading as an Employee From Your Bank?
422 days ago
When an attacker tricks you into entering personal information on a fake website after posing as a bank employee in an email, it's called phishing...
Which of the Following is Not Included in a Schumer Box?
422 days ago
In a Schumer Box, which provides credit card details, the items listed include APR, minimum interest charge, and fees, but not credit score....
Why is the APR Considered the Most Important Factor to Be Mindful of in a Car Loan?
422 days ago
The APR is crucial in a car loan because it shows the true cost of borrowing, including fees, helping borrowers make informed financial decisions....
Is 30 APR Good or Bad?
422 days ago
A 30% APR is bad, signifying high borrowing costs and financial challenges, while lower APRs around 20% are better for managing debts and ensuring fin...
Can I Pay My TJ Maxx Credit Card Online?
422 days ago
You can pay your TJ Maxx credit card online through the Synchrony Bank website by entering your card number and zip code, ensuring timely payments to ...
Can I Pay IRS With Credit Card Online?
422 days ago
You can pay the IRS online with credit cards like Visa and Mastercard, as well as digital wallets, but there are fees and minimum payment requirements...
Explain How Your Payment History is Used as a Measure of Your Creditworthiness?
423 days ago
Your payment history shows if you pay your bills on time, and it helps lenders decide if they can trust you to repay money they might lend you....
When Should I Pay My Credit Card Bill to Increase Credit Score?
423 days ago
To increase your credit score, pay your credit card bill early, ideally before the billing cycle ends or the statement's due date....
What Are Some Ways You Can Limit or Prevent Identity Theft or Fraudulent Charges?
423 days ago
To prevent identity theft and fraudulent charges, freeze your credit, check your mail daily, review statements for unauthorized charges, use unique pa...
How Can You Avoid Paying Interest on Your Credit Card?
423 days ago
Avoid paying credit card interest by paying the full balance on time, using the grace period, and exploring 0% APR offers while also negotiating for l...
Devon Forgets to Pay His Credit Card Bill for Three Months. Which of the Following Statements is True?
423 days ago
If Devon forgets to pay his credit card bill for three months, his A.P.R. (interest rate) will increase to 30.24% until he clears the owed amount....
All of the Following Actions Lead to the Payment of a Credit Card Fee Except
423 days ago
Paying your credit card bill in full and on time every month does not lead to the payment of a credit card fee, all other options do....
How Often Do Customers Typically Receive a Bank Statement for Their Checking Account?
423 days ago
Customers typically receive a monthly bank statement for their checking account, allowing them to monitor transactions and manage their finances effic...
What Are Some of the Common Marketing Tactics Credit Card Companies Use to Market to Young Adults
423 days ago
Credit card companies target young adults through aspirational ads, benefits emphasis, social media promotions, exclusive discounts, and brand partner...
What Are 2 Reasons Someone Might Want to Open a Secured Credit Card?
423 days ago
People might want to open a secured credit card to build or rebuild their credit and to access credit despite having limited or bad credit history....
After the Introductory Period, All Consumers Who Have This Platinum Card Will?
423 days ago
After the introductory period, consumers with the Platinum Card will qualify for an A.P.R. based on their creditworthiness, meaning their interest rat...
Explain When This Credit Card Company Can Adjust the APR
423 days ago
The credit card company can adjust APR based on market rates, borrower's credit score changes, and alterations in the card contract terms to match...
How Will Avoiding Student Loans Help Set the Tone for Not Taking on Debt for the Rest of Your Life?
423 days ago
Avoiding student loans establishes a foundation for lifelong financial responsibility, promoting a debt-free lifestyle and wise money management....
Review the Statements Below and Choose the One That Correctly Describes a Control Account.
423 days ago
A control account is a summary entry in the general ledger, backed by detailed transactions in a subsidiary ledger, providing an overview of financial...
List Three Pieces of Information Listed in a Credit Card Agreement That You Believe Are Important to Review Before Signing Up for a Credit Card
423 days ago
Check a credit card agreement for the APR, Annual Fees, and Minimum Payment terms before signing up to understand costs and repayment requirements....
As You Will See From This Agreement, There Are Different APRs Applied Based on How the Credit Card is Used. Which Transaction Type Has the Highest APR?
423 days ago
The transaction type with the highest APR is late payment triggers the highest Annual Percentage Rate (A.P.R.) on the credit card, as stated in t...
PPP Loan Forgiveness and What is the Deadline for PPP Loan Forgiveness?
424 days ago
PPP Loan Forgiveness is the process through which businesses that received Paycheck Protection Program (PPP) loans during the COVID-19 pandemic can ha...
Best College Student Credit Cards September 2023 and How Do Student Credit Cards Function?
424 days ago
Here are the top college student credit cards for September 2023, offering rewards and APRs tailored to different credit profiles, from newcomers to t...
Best Life Insurance Companies for Seniors
424 days ago
Top life insurance companies for seniors, including New York Life, Guardian, Pacific Life Insurance, and John Hancock, offer coverage up to age 90 wit...
Is the Stock Market Open on Weekends?
424 days ago
The stock market is not open on weekends; it operates from Monday to Friday with trading hours from 9:30 a.m. to 4 p.m. ET....