Money paid cost of credit for the use of money

Asked by admin @ 03/08/2021 in Economy viewed by 317 People

Money paid (cost of credit) for the use of money is called ?

Answered by admin @ 03/08/2021

Answer:

Explanation:

Understanding the Cost of Funds. For lenders, such as banks and credit unions, the cost of funds is determined by the interest rate paid to depositors on financial products, including savings accounts and time deposits.

How much money does it cost for a movie ticket

Asked by admin @ 07/11/2021 in Mathematics viewed by 293 persons

The cost to buy one movie ticket is $7. If the total cost for the movie is a function of how many people go, then the input is _____.

The medium of exchange function means that money is used

Asked by admin @ 28/10/2021 in Business viewed by 228 persons

Which one of the following is not a function of money? A. Medium of exchange. B. Store of value. C. Open market operation. D. Unit of account. If something is …

A sum of money is borrowed and paid back

Asked by admin @ 16/08/2021 in Business Studies viewed by 298 persons

A sum of money is borrowed and paid back in two equal annual installments of 882, allowing 5% compound interest. the sum borrowed was

How is money used as a medium of exchange

Asked by admin @ 13/08/2021 in Social Sciences viewed by 294 persons

How is money used as a medium of exchange? Explain with examples.

Assume that the company uses absorption costing

Asked by maham237 @ 18/02/2021 in Business viewed by 339 persons

Walsh Company manufactures and sells one product. The following information pertains to each of the company’s first two years of operations: Variable costs per unit: Manufacturing: Direct materials $ 26 …

Credit cards can help when paid off on time regularly

Asked by admin @ 28/10/2021 in Business viewed by 261 persons

Credit cards can help _____________ when paid off on time regularly.

What was the use of money collected from taxes

Asked by admin @ 13/08/2021 in History viewed by 316 persons

What was the use of money collected from taxes? (a) To finance the kings’ establishment (b) Construction of temples and forts (c) To fight wars (d) All of these

Brunelleschi is credited with being the first artist to use

Asked by admin @ 02/08/2021 in Social Sciences viewed by 285 persons

Brunelleschi is credited with being the first artist to use

Which type of credit is usually used for cars

Asked by maham237 @ 12/01/2021 in Business viewed by 383 persons

Which type of credit is usually used for cars, mortgages, and student loans? consumption credit installment credit secured credit cards service credit

Which of the following does not use process costing

Asked by admin @ 16/08/2021 in Accountancy viewed by 558 persons

17. Which of the following does not use process costing ishte(a) Oil refining (b) Distillieries(c) Sugar(d) Air-craft manufacturing

Why did the use of money replace the barter system

Asked by admin @ 02/08/2021 in Economy viewed by 265 persons

Why has money replaced the barter system? Give three reasons

Which type of credit is used to lease a building?

Asked by maham237 @ 22/12/2020 in Business viewed by 300 persons

Which type of credit is used to lease a building? A. installment Credit Joy has been saving her earnings to make a down payment on a new car. Which loan …

The cost accounting system which is used when producing customized

Asked by admin @ 23/11/2021 in Business viewed by 282 persons

Match each term with the best definition given blow. Note: Not all definitions will be used. a. A detailed record of costs incurred to complete a specific job. b. A …

When are companies likely to use a job costing system

Asked by admin @ 28/10/2021 in Business viewed by 299 persons

Which costing system (Process Costing or Job Costing) would the following companies employ to determine the cost of its products? Warner Bros. Motion Pictures A. Job Costing B. Process Costing …