Country A has a comparative advantage in food production, while Country B has a comparative advantage in textiles production.
Comparative advantage refers to a country's ability to produce a good or service at a lower opportunity cost compared to another country. In this scenario, we need to determine which country has a comparative advantage in textiles and food.
Country A can produce 5 yards of textiles and 10 pounds of food per unit of input, while Country B can produce 4 yards of textiles and 5 pounds of food per unit of input. To determine comparative advantage, we need to compare the opportunity cost of producing each good in terms of the other good.
For Country A, the opportunity cost of producing 1 yard of textiles is 2 pounds of food (10 pounds of food / 5 yards of textiles). On the other hand, the opportunity cost of producing 1 pound of food is 0.5 yards of textiles (5 yards of textiles / 10 pounds of food).
For Country B, the opportunity cost of producing 1 yard of textiles is 1.25 pounds of food (5 pounds of food / 4 yards of textiles). The opportunity cost of producing 1 pound of food is 0.8 yards of textiles (4 yards of textiles / 5 pounds of food).
Comparing the opportunity costs, we can see that Country A has a lower opportunity cost of producing food (0.5 yards of textiles per pound of food) compared to Country B (0.8 yards of textiles per pound of food). Therefore, Country A has a comparative advantage in food production.
Similarly, Country B has a lower opportunity cost of producing textiles (1.25 pounds of food per yard of textiles) compared to Country A (2 pounds of food per yard of textiles). Hence, Country B has a comparative advantage in textiles production.
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The natural rate of unemployment prevails when:
A. the AD curve intersects the SRAS curve.
B. the number of unfilled jobs is matched by the number of qualified workers.
C. agricultural unemployment equals manufacturing unemployment.
D. unemployment is minimized.
The natural rate of unemployment prevails when: B. the number of unfilled jobs is matched by the number of qualified workers.
What is natural rate of unemployment?The natural rate of unemployment is the rate of unemployment that exists when the labor market is in equilibrium, meaning that the number of job openings available matches the number of qualified workers seeking employment.
At this rate, there is no cyclical unemployment, which is the unemployment that results from fluctuations in economic activity. The natural rate of unemployment includes only frictional and structural unemployment, which are caused by factors such as job search, job matching, and changes in the structure of the economy.
Option B correctly describes the conditions that must be met for the natural rate of unemployment to prevail. When the number of unfilled jobs is equal to the number of qualified workers, there is no cyclical unemployment caused by a lack of demand for labor, and the economy is operating at its potential output level. This level of unemployment is considered to be the "natural" rate because it is not influenced by short-term fluctuations in aggregate demand or supply.
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Ricardo works in marketing for a soft drink company. His new outdoor advertising plan involves placing billboards for children near schools and playgrounds. Ricardo's goal is to increase the consumption of soft drinks by children ages 5-11. He knows that the drinks are not necessarily healthy for young children, but they can increase sales if they target this demographic.
Is Ricardo's marketing strategy ethical? (Ethical Principles: Integrity, Accountability, Transparency)
Why or Why Not
The marketing strategy that Ricardo has here is not one that can be regarded as an ethical one.
What is an ethical strategy?This is the term that is sued to refer to the strategy that is used to do business that would have to do with all of the strategies that has to do with doing things in the right ways while considering morality and social responsibility.
The reason why we can say that there is no ethical responsibility here is the fact that Ricardo is aware of what he is doing and the fact that it may have an adverse effect on people but he is still doing it because he wants to be able to drive his sales up.
Hence we can say that The marketing strategy that Ricardo has here is not one that can be regarded as an ethical one.
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What is a stock symbol?
Answer:
A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.
Explanation:
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
In 2010, the population of the United States was approximately 310 milion with a 0.97% annual growth rate. At this rate, the population P(f) (in milicas) can be approximated by P(t)=310(1.0097)f, where t is the time in years since 2010 . Part 1 of 5 (a) Is the graph of P an lincreasing or decreasing exponential function? The groph of P is exponential function. Part: 1/5 Part 2 of 5 (b) Evaluate P(0) and interpret its meaning in the context of this problem. P(0)=
To evaluate P(0), we substitute f = 0 into the population function P(f) = 310(1.0097)^f:
P(0) = 310(1.0097)^0
Since any number raised to the power of 0 is equal to 1, we have:
P(0) = 310(1)
P(0) = 310
Therefore, P(0) is equal to 310 million.
Interpretation: P(0) represents the estimated population of the United States in the year 2010, which is the starting point of our time frame. Based on the given information, the population of the United States in 2010 was approximately 310 million.
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if the canadian dollar is strengthening, then responses it has appreciated in terms of other currencies. it has appreciated in terms of other currencies. canada has adopted a hard peg policy. canada has adopted a hard peg policy. canada has purchasing power parity.
There have been many bills offered to encourage China to adopt a more lenient monetary policy. In the event that the yuan is undervalued relative to the
Which is better undervalued or overvalued
In order to assess whether a stock is overvalued or undervalued, equity market investors must ascertain a stock's intrinsic worth. Fundamental analysis, which considers a number of quantitative criteria, is used to determine a company's intrinsic worth. Typically, the inherent value and the market value are not the same. Even though intrinsic value is frequently used as a baseline, many investors and analysts utilize a variety of ratios to estimate a stock's price more quickly and simply. Ratio analysis is frequently used in conjunction with estimations of intrinsic value.
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Would you rather have a job you hate that pays $120,000 or a job you love that pays $40,000? Why?
Answer:
a job i hate becasue they pay well
Explanation:
I will have a job I hate that pays $120,000 because it is enough to cover living expenses and doesn't require a lot of extra effort or tons of time at work.
What do you mean by Job?Job is a piece of work, typically a specific activity completed as part of one's regular workday or for a set fee.
Even if I work a job I enjoy, I still have to report to the office during regular business hours and seek vacation time. I don't have control over my time or efforts, therefore both jobs sound the same to me. I could never truly love that profession as long as I am beholden to an employer and someone else is in charge of my time.
So even if earning $120,000 for a job you love may sound great to some, I wouldn't do it since I want to retire as early as possible, and that costs money.
Therefore, I will have a job I hate that pays $120,000.
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ed and grace chose to elevate their home as the icc compliance measure. their contractor has completed the project. what should they do next?
Ed and Grace should next obtain a Certificate of Compliance from their local building authority to prove their home meets ICC compliance standards.
After the contractor finishes the project of elevating their home as an ICC compliance measure, Ed and Grace should get an Elevation Certificate or a Certificate of Compliance next. The Elevation Certificate determines the elevation of their home's lowest floor, which is critical to determining the insurance premium, flood risk, and the need for future protection or mitigation measures. In certain communities, an Elevation Certificate is required to ensure compliance with local ordinances and codes.
A Certificate of Compliance certifies that the home has met ICC compliance standards and that the work was completed by a licensed contractor. An independent inspector, in many circumstances, must confirm that the construction work complies with the state's building code and that the required permits were obtained.Finally, after all of the construction work is completed, they must notify their insurance provider to verify that the home is covered by flood insurance or other coverage that is relevant to the elevated construction work that was done.
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Define the term lifestyle and explain the kind of lifestyle you would like in your future. Then, discuss how work affects
lifestyle.
Answer:
the way in which a person or group lives.
Explanation:
ME working out alot and bieng very fit and It wouldnt effect my lifestyle it would actually help me cause i would live longer and be healthy
The term lifestyle refers to the habits and practices that define the life of a person, which also involves his/her work.
What is lifestyle?Lifestyle can be defined as the set of attitudes and patterns used in a routine and define the life of an individual.
Lifestyle can affect work because it is directly associated with the health and well-being of an individual.In conclusion, the term lifestyle refers to the habits and practices that define the life of a person, which also involves his/her work.
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The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.a. Falseb. True
False, The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.
What is the term structure's pure expectations theory?
A hypothesis which claims that only forward rates are the rates which are expected to be paid in the future. In other words, the entire term structure is a reflection of what the market anticipates will happen to short-term rates in the future.
Increasing short-term interest rates are implied, for instance, by an increasing slope to the term structure.
What does expectation theory mean?
The long-term interest rate is a weighted average of the current and anticipated short-term interest rates, according to the expectations theory of the term structure. The long rate will be equal to the short rate if anticipated future short rates remain unchanged (plus a constant risk premium).
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Select all that apply Identify the principles of internal control by selecting the correct answers below. (Check all that apply.)
A. Perform regular and independent reviews.
B. Apply technological controls. Insure assets.
C. Separate recordkeeping from custody of assets.
D. Record assets at cost. Maintain adequate records.
E. Match revenues with expenses in the same accounting period.
F. Establish responsibilities.
The principles of internal control include the following:
A. Perform regular and independent reviews.
B. Apply technological controls. Ensure assets.
C. Separate recordkeeping from the custody of assets.
D. Record assets at cost. Maintain adequate records.
E. Match revenues with expenses in the same accounting period.
F. Establish responsibilities.
What is internal control?Internal control is the system of controls instituted by management to:
Provide reasonable assurance of the financial and accounting informationSafeguard the assets of the companyEnsure the integrity of its operations.The five components of an internal control framework include:
Control environmentRisk assessmentControl activitiesInformation and communicationMonitoring.Thus, the principles of internal control include all the options.
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What is something that will not help you get a higher credit limit?
A: Paying off the balance of the credit card each month
B: Asking the banking company for a higher limit on your credit card
C: Maxing out the credit card and only making the minimum payment each month
D: Making more money at your job (More personal income)
Maxing out the credit card and only making the minimum payment each month is something that will not help you get a higher credit limit. A credit limit is the most money you are permitted to spend on a credit card or line of credit by a lender.
If a credit card company grants you a credit limit of $2,500, that is the most you may ever have charged to the card payment . If you charge $1,900 to your card, you will have $600 left over that you can use without paying a fee or being restricted from using the card limit further.
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For services such as banking or health care, "production" typically occurs when the: a. service is paid for by the customer. b.service is designed in-house. c. customer provides feedback. d. service is delivered to the customer. e. customer specifies the service requirements
For services such as healthcare, "production" typically occurs when the service is delivered to the customer. Hence, option D is correct.
This is because the nature of healthcare is such that the production of the service is a complex process that involves various inputs such as skilled healthcare professionals, medical equipment, facilities, and supplies. The production process for healthcare services is often intensive and requires significant coordination and collaboration among various stakeholders to ensure that the patient receives the best possible care. While the customer does provide feedback and may specify service requirements, these activities occur throughout the production process and are not necessarily indicative of when production occurs. In the case of healthcare, production is not necessarily tied to the payment of the service as healthcare services may be provided regardless of payment status, such as in emergency situations. In summary, for healthcare services, production occurs when the service is delivered to the customer. This is the culmination of a complex process that involves various inputs and stakeholders to ensure that the patient receives the best possible care.
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brad begins work with his company's newly created product line of personal care products. what overall framework does brad need to use as he starts to work on the marketing mix for these products?
As Brad begins work with his company's newly created product line of personal care products, he needs to use the overall framework of the marketing mix. This framework consists of the four Ps: product, price, promotion, and place.
What are 4Ps in Marketing?Brad needs to use the 4Ps marketing mix framework as he starts to work on the marketing mix for his company's newly created product line of personal care products. The 4Ps framework consists of:
1. Product: Brad should focus on understanding the specific needs of the target market and ensure that the personal care products being developed cater to those needs. He should consider aspects like quality, design, features, and packaging.
2. Price: Brad needs to determine the optimal pricing strategy for the personal care products. This could involve analyzing competitor pricing, understanding the target market's price sensitivity, and considering the cost of production.
3. Place (Distribution): Brad should identify the best channels to distribute the personal care products, which could include retail stores, e-commerce platforms, or direct sales. He needs to ensure that the products are easily accessible to the target market.
4. Promotion: Lastly, Brad should develop an effective promotional strategy to create awareness and generate interest in the personal care products. This could involve advertising, public relations, sales promotions, and social media marketing.
By using the 4Ps marketing mix framework, Brad will be able to create a well-rounded marketing strategy for the newly created personal care product line.
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2 1.6.2 Test (CST): Goals and Career Planning
Question 20 of 25
Kris is very interested in travel. Which of these careers is most likely the best
fit for her?
A. High school teacher
B. Machinist
O C. Loan officer
D. International correspondent
answer: international correspondent
Kris is very interested in travel. International correspondent of these careers is most likely the best fit for her. The correct option is D.
What is a correspondent journalist?A journalist works for a newspaper or broadcast media outlet and writes news articles. synonyms include pressperson, newswriter, newspaperman, and newspaperwoman. a correspondent from a faraway country. a journalist who contributes articles and analyses for publication or broadcast from a different country.
International correspondents are journalists who report news from different parts of the world. They travel extensively to cover stories and events in various countries, and their job involves researching, investigating, and writing about global issues. This career would be a good fit for someone who is interested in travel and has a passion for journalism and reporting.
Thus, the ideal selection is option D.
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A computer software firm provides a 20×′30′ office for its six systems analysts and plans to hire two additional analysts. To maintain a 100-square-foot working space per analyst, the firm’s owner-manager is considering expansion. The cost of expansion is $40 per square foot with annual maintenance costs of $4 per square foot. The useful life of floor space is 20 years. By how much should employee productivity increase to justify the additional expenditure? The current salary of the systems analysts is $25,000.
To justify the additional expenditure of $35,200, the employee productivity should increase by $1,760.
Given: A computer software firm provides a 20×′30′ office for its six systems analysts and plans to hire two additional analysts.The cost of expansion is $40 per square foot with annual maintenance costs of $4 per square foot. The useful life of floor space is 20 years.To maintain a 100-square-foot working space per analyst.
The current salary of the systems analysts is $25,000.
Working space per analyst is 100 sq.ft.
Number of Analysts is 6+2=8
Size of current office = 20 x 30 sq.ft = 600 sq.ft
Office Space required per analyst = 100 sq.ft
Total Space required = Number of Analysts * Space required per analyst
= 8 * 100 = 800 sq.ft
Office space to be added = Space Required - Current Space
= 800 - 600= 200 sq.ft
Cost of expansion = $40 per sq.ft
Annual Maintenance cost = $4 per sq.ft
Useful life = 20 years
Let's find out the total cost of the expansion as follows:
Total Cost of Expansion = (Cost per sq.ft + Annual Maintenance Cost per sq.ft) x New Area + (Cost per sq.ft + Annual Maintenance Cost per sq.ft) x Old Area
where "New Area" is the area of expansion, and "Old Area" is the current area.
Total Cost of Expansion = ($40 + $4) x 200 + ($40 + $4) x 600
= $44 x 200 + $44 x 600
= $8,800 + $26,400
= $35,200
Now, let's find the increase in employee productivity to justify the additional expenditure.
Increase in Employee Productivity = Cost of Expansion / Useful Life of Expansion
Increase in Employee Productivity = $35,200 / 20 years
= $1,760
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Which is a cause for quality issues in IS implementation?
The scope of the project increases due to change requests from clients. Option B is correct
This is further explained below.
What is IS implementation?Generally, A strategy, technique, or any concept, idea, model, specification, standard, or policy for carrying out anything is considered to have been implemented when it is put into action or practiced.
Therefore, the activity that must follow any preparatory thought that is done in order for anything to truly happen is known as implementation.
In conclusion, Changes that were requested by customers resulted in an expansion of the project's scope. Alternative C
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Answer:
The scope of the project increases due to change requests from clients.
Explanation:
what is reported on the income statement
The income statement, also known as the profit and loss statement, reports a company's financial performance over a specific period of time, typically a quarter or a year.
The purpose of the income statement is to provide investors, creditors, and other stakeholders with information about a company's revenues, expenses, gains, and losses for the period.
The income statement begins with a company's revenues, which are the amounts earned from the sale of goods or services. From the revenues, the cost of goods sold is subtracted to arrive at the gross profit. Operating expenses, such as salaries, rent, and utilities, are then subtracted from the gross profit to arrive at the operating profit.
Other gains and losses, such as interest income or losses from the sale of assets, are then reported to arrive at the pre-tax profit. Finally, taxes are subtracted from the pre-tax profit to arrive at the net profit or net income.
The income statement is a key financial statement that provides investors and other stakeholders with important information about a company's financial performance. It is often used to evaluate a company's profitability, operating efficiency, and ability to generate cash flow.
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an example of a capital good is ____________.
Answer: Vehicle(s)
Explanation: Capital goods are all man-made, if they aren't naturally occurring it is often that they are a capital good
ingraham stoneworks has analyzed a proposed expansion project and determined that the internal rate of return is lower than the firm desires. which one of the following changes to the project would be most expected to increase the project's internal rate of return? multiple choice decreasing the required discount rate increasing the initial investment in fixed assets condensing the firm's cash inflows into fewer years without lowering the total dollar amount of those inflows eliminating the salvage value decreasing the amount of the final cash inflow
Condensing the firm's cash inflows into shorter periods without reducing their total amount.
Cash Flow
A cash flow is a payout (in a currency), particularly from one central bank account to another; the term 'cash flow' is primarily used to describe payouts that are expected to occur in the future, are thus uncertain, and must thus be forecasted with cash flows; a cash flow is defined by its time t, nominal amount N, currency CCY, and account A; symbolically, CF = CF (t,N,CCY,A). However, it is common to use cash flow in a broader meaning to describe (symbolic) payments into or out of a firm, project, or financial instrument. Cash flows are inextricably linked to the notions of value, interest rate, and liquidity.
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What are some benefits of working together in a team? (Take your time)
What customers constitute the business market?
Answer:
The business market consists of four major categories of customers: producers, resellers, governments, and institutions. Producers-include profit-oriented organizations that use purchased goods and services to produce or incorporate into other products.
Explanation:
hope this helps
(a) Knowledge check questions
1 An operations process that has little waste is
known as
production
2 What is the difference between total output and
productivity?
3 You employ 20 employees who produce a
total of 700 units per week. What is the labour
productivity?
4 Explain one reason why managers may be eager to
increase labour productivity,
The answer to the first knowledge check question is: a lean production process. The answer to the second knowledge check question is: Total output refers to the total amount of goods or services produced, while productivity refers to the efficiency with which those goods or services are produced.
1. Lean production refers to an operations process that has little waste. It is a management approach that focuses on maximizing efficiency and eliminating waste by providing the customer with the highest quality product at the lowest cost possible.
2. Total output is the total amount of goods or services produced, whereas productivity refers to the efficiency with which those goods or services are produced. Productivity is the relationship between the output of goods and services produced to the input of resources used.
3. Labor productivity is calculated by dividing the total output by the number of workers.700 units/20 employees = 35 units per employee per week.
4. Managers may be eager to increase labor productivity because it leads to increased output, lower costs, and increased profits.
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When problem-solving, a person should ask:
who.
how.
where.
why
If this price is increased by %, what is the approximate percentage change in demand?
Price elasticity is a measure of how responsive the quantity demanded or supplied of a good is to a change in its price. It is computed by dividing the percentage change in quantity demanded (or supplied) by the percentage change in price.
Elasticity can be categorized into five broad groups: perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary. A demand or supply is considered elastic if the elasticity is greater than one, which means that there is a high responsiveness to changes in price.
Unitary elasticity is when the percentage change in quantity demanded (or supplied) is equal to the percentage change in price.
Understanding price elasticity is crucial in economics as it helps determine the behavior of consumers and producers in response to changes in price.
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How can you make sure there is value in your communication?
Answer:
Something you can do is to ask the person to write notes on the board, or give them a drink of water, hand them a marker, or get them to stand up. Do something that will force them to change their positioning. If you can learn to read body language you can tailor your communication in order to maximize influence.
Explanation:
Select the correct answer. which question is irrelevant when setting a financial goal?a. what do you want to accomplish? b. what is the timeline of your investment? c. how varied should your portfolio be?d. what do you want to do with your returns? e. how much do you want to invest?
The question that is irrelevant when setting a financial goal is c. how varied should your portfolio be?
What are financial goals ?Financial goals generally involve a specific action or outcome that you want to achieve, such as saving a certain amount of money, paying off debt, or investing in a specific asset. The variety of your portfolio, or the mix of different types of investments that you hold, is not directly related to the specific financial goal that you are trying to achieve.
To set a financial goal, it is important to consider questions such as what you want to accomplish, what the timeline is for your goal, and what you plan to do with any returns that you may receive. It is also important to consider how much money you are willing to invest or save in order to reach your goal.
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the majority of ceos blame unethical employee conduct on:
CEOs commonly attribute unethical employee conduct to factors such as lack of personal moral values and ethics, poor organizational culture and values that don't prioritize ethics, inadequate training and guidance on ethical standards, pressure for performance and the pursuit of personal gain and lack of accountability and consequences for unethical behavior.
Factors that attribute unethical employee conductThese factors include:
Lack of moral principles and personal ethics: CEOs may think that unethical behavior results from people lacking a solid ethical framework, such as personal principles, honesty, and a sense of accountability.Poor organizational culture and values: CEOs can mention a toxic workplace or a corporate culture that doesn't value or encourage ethical behavior. As a result, immoral behavior may flourish.CEOs can claim that a lack of effective instruction and direction on ethical principles and conduct might lead to unethical action. A failure to convey and enforce ethical norms as well as an insufficient emphasis on ethical education may be cited as contributing factors.Incentive programs and performance pressure: CEOs may agree that tough performance standards, monetary rewards, or fierce rivalry may put pressure on staff to deliver results at all costs, possibly encouraging unethical behavior.CEOs may accept that certain employees may behave unethically as a result of internal motivations like avarice, ambition, or the desire for personal gain. They might blame such behavior on character flaws rather than structural problems.Learn more on unethical conducts here https://brainly.com/question/9740334
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what do chapter competitions entail?
Answer:
Whoever reads the chapter of the book the fastest is crowned the chapter king. It can be very competitive, and the competitors have to be very good readers.
Answer:
In FBLA you pick a subject and you either take a test, do a presentation, do sales pitch, etc. With reading, you read a chapter from a book as fast as you can.
Explanation:
What percent of adults, nationally, were current on all credit payments in the last year?.
78% of adults, nationally, were current on all credit payments in the last year.
What do you mean by credit card?A credit card typically functions as a replacement for cash or a cheque and typically offers an unsecured revolving line of credit. Depending on the conditions outlined in the cardholder agreement, the borrower is expected to pay at least a portion of the card's outstanding balance each billing cycle.
What is the difference between cerdit card and debit card?When you use a debit card to make a purchase, the money is nearly instantly deducted from your checking account to cover the cost of your purchase. When you use a credit card, the purchase will be added to your available credit, which means you will pay the bill later and have more time to pay.
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