ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$50
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$500
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Unlimited liability
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No liability because she notified the financial institution
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Detailed explanation-1: -Jami lost her debit card. She did not report it missing for 3 months. I fan unauthorized person used her debit card, her maximum liability is: Unlimited liability.
Detailed explanation-2: -The Federal Reserve uses monetary policy to regulate the nation’s money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the U.S. economy.
Detailed explanation-3: -Variable expenses are those that change each time period. These include the cost of utility bills, food, clothing, entertainment, and education. Fixed expenses are those that are the same dollar amount each time period. They generally include mortgage, rent, and car payments.
Detailed explanation-4: -The institutions that are commonly referred to as financial intermediaries include commercial banks, investment banks, mutual funds, and pension funds.
Detailed explanation-5: -One advantage of using a credit card is that you receive a list of your purchases, which enables you to keep track of your spending. Advantages of using credit include the ability to make purchases without cash and the convenience of not carrying checks.