The business cycle is caused by the forces of supply and demand—the movement of the gross domestic product GDP—the availability of capital, and expectations about the future. This cycle is generally separated into four distinct segments: expansion, peak, contraction, and trough.
Every nation's financial system fluctuates among intervals of enlargement and contraction. These modifications are brought on by ranges of employment, productivity, and the full call for and deliver of the nation's items and services.
In the short run, those modifications cause intervals of enlargement and recession. There are essentially crucial stages in a commercial enterprise cycle which can be prosperity and depression. The different stages which can be enlargement, peak, trough and recovery are middleman stages.
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How long has safety been considered in the workplace?
Concerns about workplace safety first emerged in Europe during Industrialisation with labor movement.
What's the full meaning of safety?Being protected from danger or harm is really the state of someone being safe. The paper continues by offering several suggestions for enhancing airplane safety. Synonyms include assurance, security, protection, and safeguards. More safety synonyms 2. uncountable noun [often a NOUN preposition].
Why is safety in important?In terms of morality, nobody wants to get wounded, and nobody enjoys seeing someone else receive hurt. Safety is crucial for financial reasons: You incur costs as a result of an accident. This can be bad for your company.
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Which of the following statements is most appropriate? Explain
A. In a joint-stock company, the issue of conflict of interest between the owner and the operator sometimes occurs.
B. The type of joint stock company is a suitable choice in business because it is not taxed twice on income.
C. The typical type of enterprise selected for research in corporate finance is a joint stock company because it has characteristics that other types of businesses do not have, which is the separation between ownership and operation.
D. It is easy to resolve conflicts of interest between owners and operators, by increasing operator salaries
A. In a joint-stock company, the issue of conflict of interest between the owner and the operator sometimes occurs.
what do you use to find state specific information
To find state-specific information, an individual can choose to use government portals or legal websites of the state that they desire information on.
What is state-specific information?State-specific information refers to information about governmental legislation in the desired state. It is known as being state-specific because the information is unique to that very state. Many states have dos and don'ts that are limited to them.
To get these, one can choose to use the information from a government portal. These are often in the form of a .gov domain. Reputable legal websites that are in the territory of the state might also have reliable information on the state's regulations.
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What are tamper-evident closures?
Tamper-Evident Closure are typically lids for plastic and glass bottles used in the packaging and pharmaceutical industries.
A screw cap, lid, or closure's tamper-evident band or security ring performs a tamper resistant or tamper evident function. Although the phrase "tamper-proof" is occasionally used, it is thought to be misleading because theft is still theoretically conceivable.
A security band may be a separate packaging component or a part of the cap itself. It is a circular plastic or metal structure that is frequently encountered connected below closures on bottles, jars, and tubs. For caps, lids, and closures, several variants have been created.
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How contractionary policies can hamper economic growth?
The contractionary policies can hamper economic growth if Disposable income decreases. Contractionary policies can reduce disposable income, which can directly impact the economic growth of the country.
There are styles of economic coverage: Contractionary economic policy and expansionary monetary policy. Contractionary monetary coverage is when the government taxes greater than it spends. Expansionary fiscal policy is whilst the authorities spend greater than it taxes.
Contractionary coverage is a financial degree referring both to a reduction in government spending—especially deficit spending—or a discount within the fee of financial enlargement by means of an imperative bank.
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5. The cash in bank account for DX Co. on May 31 of the current year indicated a balance of $13,215.80 after both the cash receipts journal and the check register for May had been posted. The bank statement indicated a balance of $19,513.90 on May 31. Comparison of the bank statement and the accompanying cancelled checks and memorandums with the records revealed the following reconciling items. A.Checks outstanding totaled $7,070.10. B.A deposit of $3,915.20, representing receipts of May 31, had been made too late to appear on the bank statement. C. The bank had collected $3,120 on an interest bearing note left for collection. The face of the note was $3,000. D.A check for $69 returned with the statement had been recorded erroneously in the check register as $96. The check was for payment of an obligation to YX Co. for the purchase of supplies on account. E.A check drawn for $42 had been erroneously charged by the bank as $24. F.Bank service charges for May amounted to $21.80. Instructions: i.Prepare bank reconciliation. ii. Record the necessary entries in general journal form. iii. What is the amount of cash in bank that should appear on the balance sheet as of May 31?
i) The preparation of the bank reconciliation statement is as follows:
Bank Reconciliation Statement:Balance as per bank statement $19,513.90
Less outstanding checks (7,070.10)
Less understated check (18.00)
Add Outstanding Deposits 3,915.20
Balance as per adjusted cash a/c $16,341.00
ii) The recording of the necessary journal entries is as follows:
General journal:Debit Cash $3,120
Credit Notes Receivable $3,000
Credit Interest Revenue $120
Debit Cash $27
Credit Accounts Payable $27
Debit Bank Charges $21.80
Credit Cash $21.80
iii) The amount of cash in bank that should appear on the balance sheet as of May 31 is $16,341.00.
What is the bank reconciliation statement?The bank reconciliation statement is an accounting tool to agree the balance as per the cash book with the bank statement balance.
During the process of bank reconciliation, accounting errors are identified and corrected, and discrepancies are reconciled, making the two balances agree.
Transaction Analysis:Cash in bank balance = $13,215.80
Bank statement balance = $19,513.90
Outstanding Checks = $7,070.10
Outstanding Deposits = $3,915.20
Understated check $18 ($42 - $24)
Cash $3,120 Notes Receivable $3,000 Interest Revenue $120
Cash $27 Accounts Payable $27
Bank Charges $21.80 Cash $21.80
Cash in Bank Account (Adjusted)Ending balance $13,215.80
Note Receivable 3,000.00
Interest Revenue 120.00
Accounts Payable 27.00
Bank charges (21.80)
Adjusted cash balance $16,341.00
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Adam has a home appliance store that sells electronics such as refrigerators, television, video recorder, vacuum cleaner, microwaves and many others. For a long time, he used cash-paying methods at the lowest price. Although he does not have many customers, the ones he has are loyal the store. However, with a new store opening nearby selling similar goods, his area his business starts to deteriorate.
Ever since the sales decreases, Adam faces operation expenses problems, since the margin of his business is not enough to cover the overhead cost like rent, salary and other payments. The fact that Adam is a very honest person and has a good relationship with customers does not stop the buyers from choosing other options provided at the new nearby store. Adam later realises that the new store actually sells electronics at a higher price than him.
Adam is now struggling but trying to figure out the best solution to his increase his sales. He is also still figuring out whether he will change his payment methods.
Based on the above, write an essay on how Adam can improve the sales of his store. You have to include the following points:
1. Adam has been using cash payment method for a long time. Elaborate on the advantages of this method.
2. In your opinion, why did Adam’s customers prefer the new even though the prices are definitely higher than Adam’s?
3. Suggest new ways or methods that may be effective for Adam’s shop. Make sure to elaborate on the characteristics and advantages of your idea.
Take note that the answer must be written in an essay form. It should contain at least 750 to 1000 words.
Adam has been using cash payment method for a longest time but he can also try to include online payment.
How can Adam improve the sales of his store?Adam has a home appliance store that sells electronics such as refrigerators, television, video recorder, vacuum cleaner, microwaves and many others and he used cash-paying methods at the lowest price. Adam is a very honest person and also has a good relationship with customers but still they are choosing other options provided at the new nearby store. Adam realizes that the new store sells electronics at a higher price than him.
Adam has been using cash payment method for a long time but he can try to include other modes of payment also like online payment . That will enable customers to buy even when they do not have enough cash. Online payments are faster than cash or cheque, have higher Security.
Many people prefer online payment because it's more convenient and saves time and they will be less likely to delay the payment of their bills.
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Is 700 establishing mutual aid agreements to obtain resources from neighboring jurisdictions is an example of which resource management activity?
The development of mutual aid agreements to obtain resources from nearby jurisdictions is an illustration of a management activity for planning for resources.
What is mutual aid agreements?Mutual aid agreements give two or more entities the legal foundation for resource sharing. Mutual aid agreements may allow for the provision of assistance between nations, states, federal agencies, or two or more local communities. A written understanding between two or more organisations known as a "mutual aid agreement" stipulates that, upon request, the resources, personnel, and facilities of one department or departments will be made available to the other department or departments.
What is the purpose of mutual aid?Mutual aid is an idea and a strategy built on the principles of cooperation, direct action, understanding, and solidarity. Mutual assistance is not charitable giving; rather, it is the development and upkeep of new social networks where people can give what they can and receive what they need without being subjected to oppressive political structures.
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Lamden Company paid its employee Trudy, wages of $61,500 in 2021. Of this amount, $2,400 was allocated to sick pay for two weeks due to Trudy’s spouse contracting COVID-19 and Trudy being quarantined. Trudy spent another 10 weeks at home caring for their children that were unable to attend school. Lamden allocated $10,000 in wages to family leave. Lamden allocated $6,000 of Trudy’s wages to the employee retention credit (5 weeks). The allocation of health care costs is $200 per week. Assume that all sick leave and family leave were taken after April 1, 2021. Compute Lamden’s:
Round your answers to two decimal places.
Credit for sick pay
The credit for sick pay according to the information given above is: approximately $2,365.39
What is Credit for Sick Pay?According to IRS standards, the COVID sick leave provision requires employers to pay sick leave earnings for up to two weeks (or 80 hours) at the highest of the following rates:
Regular rate of pay of the employee Minimum wages as defined by the Labor Standards Act of 1938 Minimum wage rate in force for the employee in the appropriate stateSubject to a daily maximum of $511 and a total of $5,110.
Given that the employer must pay $511 per day or $5,110 in total
We can use Trudy's wage to compute the Sick Pay.
Recall that Trudy's wages = $61,500
Number of weeks rudy sick = 2 weeks
Hence Sick pay = $61,500 / 52 x 2 weeks
= 2,365.3846
[tex]\approx[/tex] $2,365.39
Hence, Rudy's Credit for Sick Pay is : $2,365.39
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dollar diplomacy president
Dollar diplomacy president refers as Diplomacy used by a country to promote its financial or commercial interests abroad. : diplomacy that seeks to strengthen the power of a country or effect its purposes in foreign relations by the use of its financial resources.
President Taft turned into extra dedicated to the expansion of U.S. overseas change than was Roosevelt. He pursued a software, called "dollar diplomacy," designed to inspire U.S. investments in South and significant American, the Caribbean, and the a long way East.
Notwithstanding successes, “dollar diplomacy” failed to counteract economic instability and the tide of revolution in places like Mexico, the Dominican Republic, Nicaragua, and China.
Dollar diplomacy turned into enormous in widening the us's monetary market, and it set up the us as a fundamental electricity.
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What are the 4 reasons for income inequality?
Why income inequality subjects. The upward thrust in monetary inequality in the U.S. is tied to numerous factors. these consist of, in no particular order, technological change, globalization, the decline of unions, and the eroding cost of the minimum wage.
income inequality refers to how evenly profits or income increase is distributed across the populace. better income inequality represents less identical income distribution or increase. The record gives several measures of inequality.
Inequality is a drag on the economic boom and fosters political dysfunction, professionals say. concentrated earnings and wealth reduce the extent of demand in the economic system because wealthy families tend to spend much less of their earnings than poorer ones. decreased possibilities for low-earnings households also can harm the economy.
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What is supply and market equilibrium?
When market supply are in balance, prices become steady. This is known as equilibrium. Typically, when there is an abundance of a good or service, prices decline.
What is market meant to mean?The entire number of market participants there in geographical territory of discussion is referred to as the market. Terra, as well as several nations, regions, provinces, & cities, may be the subject.
And what were the 4 different industry types?The four types of financial market structures are oligopoly, monopoly, perfectly competitive, and monopolies. The following characteristics explain why the categories are different: In oligopoly, there are few producers, many others in perfect and robust competition, and just one in monopoly.
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what are the 4 factors of production and give an example of each
There are four factors of production land, labor, capital, and entrepreneurship.
Production is the process of combining different material and immaterial inputs to create something for consumption. It is the act of producing an output, such as a good or service, that has value and contributes to people's utility. Production theory, which is intertwined with economic consumption theory, is the branch of economics that focuses on production.
The production process and output are directly related to the productive utilisation of the original inputs. Land, labor, and capital are regarded as the three fundamental production factors and are referred to as primary producer goods or services.
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example of risk control
Marketer’s say prohibition of tracking takes away the marketer’s legitimate right to study consumer behavior. Which side do you agree with and what are your two reasons for doing so?
Marketers say the prohibition of tracking takes away the marketer’s legitimate right to study consumer behavior.
I agree that Marketers may track customer purchases without abusing the data. They should try to keep customer information private to protect clients.
it's profitable for the customerIt also makes the marketer's job easierWhat is Customer behavior?Generally, Marketers are allowed to monitor consumer purchases as long as they don't abuse the data they get. To preserve the privacy and safety of the clients, they should take efforts to stop any client information from being released.
Since it enables better customer communication, it is crucial for marketers. They can reduce the market gap and find needed goods and outmoded goods by analyzing how customers choose products.
Customer behavior must be taken into account in your company's marketing plan. Thanks to this knowledge, you can organize your resources, make wise choices, and focus on a larger consumer base. The goal is to reach your target market with the appropriate advertising at the appropriate moment.
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what percentage of u s oil is imported
what percentage of u s oil is imported ? 72% of U.S
Crude oil imports of about 6.11 million b/d accounted for about 72% of U.S. general gross petroleum imports in 2021, and non-crude oil petroleum accounted for about 28% of U.S. total gross petroleum imports. In 2021, the united states exported about eight.54 million b/d of petroleum to 176 international locations and four U.S. territories.
Petroleum, additionally known as crude oil, or virtually oil, is a obviously taking place yellowish-black liquid mixture of mainly hydrocarbons,and is determined in geological formations. The call petroleum covers each certainly taking place unprocessed crude oil and petroleum merchandise that encompass subtle crude oil. A fossil gas, petroleum is shaped when huge portions of useless organisms, normally zooplankton and algae, are buried below sedimentary rock and subjected to both prolonged heat and stress.
Petroleum is mostly recovered by using oil drilling. Drilling is done after studies of structural geology, sedimentary basin evaluation, and reservoir characterisation. recent traits in technology have additionally led to exploitation of different unconventional reserves inclusive of oil sands and oil shale.
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What are the 4 stages of the business cycle?
The four stages of the cycle are expansion, peak, contraction, and trough.
The variations of the economy between times of expansion (growth) and contraction are referred to as the "economic cycle" (recession). The present stage of the economic cycle can be determined using variables like gross domestic product (GDP), interest rates, total employment, and consumer expenditure. Given that it directly affects everything from stocks and bonds to profits and corporate earnings, understanding the economic cycle can assist firms and investors decide whether to invest and when to withdraw their funds.
The stage of the economic cycle we are in at the moment can be determined by variables like GDP, interest rates, total employment, and consumer spending.
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What are the 4 phases of business?
No matter how big or little, every business experiences the four stages of business growth: startup, growth, maturity, renewal, and decline.
How would you define business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
What is elementary business?The first measures you should take to be a successful entrepreneur are to learn the fundamentals. You may build a sustainable firm by doing market research and understanding your consumers' wants and expectations, but you should initially start with the fundamental business skills needed.
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This technology serves to change the ethical and moral behavior of businesses today:
A. Cloud Computing
B. Cyber-security
C. Server Farms
D. Social media
It ensures seamless connectivity between computers and devices linked via cloud computing by employing software known as middleware. In most cases, cloud computing service providers keep multiple copies of the data to prevent security risks like data loss, data breach, and so on.
Which phrase refers to cloud computing?Software-as-a-service (SaaS) for web-based applications, infrastructure-as-a-service (IaaS) for Internet-based access to storage and computing power, and platform-as-a-service (PaaS) that provides developers with the tools they need to build and host Web sites are the three main types of cloud computing, with more emerging.
What drawbacks does cloud computing have?The downtime caused by internet system service outages is one of the most significant drawbacks of cloud computing. Another drawback is that, despite the fact that security standards are upheld in cloud computing, storing your data with external service providers puts it at risk.
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How do you tell a customers order is late Shipt?
You can tell a customer that their order is late shipping by sending an email or message letting him or her know this.
It is important to apologize to the customer that their order is late.
Explain to them the reason why the order is late and provide a solution to make it right.
Offer an alternative solution to make up for the delay, such as offering a discount or a free item.
Be sure to provide the customer with an estimated delivery date so they know when to expect their order.
Few pointers should be kept in mind :
1)Be Transparent About Delays. Be Honest About Your Capabilities.
2)Use Your Time and Compensation Generatively.
3)Be proactive and make an effort to minimise the effects of a delayed delivery.
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Do CDs have high rates?
Yes, CDs have higher rate.
CDs have higher rates. This is because you agreed to store your money on a CD for a period of time.
The interest rate and APY you earn will depend on your bank, your CD term, and the current interest rate environment.
High Yield Savings Accounts offer variable interest rates that can go up or down.
CDs offer a fixed interest rate for a fixed period of time. If you're worried about an impending drop, CDs can help protect your money in advance.
Generally, a CD’s interest rate rises as the term increases. However, that also means you won’t have access to the money for a longer period of time.
However, even at lower levels a bank or other financial institution may offer you a higher CD interest rate depending on your deposit amount.
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What lies is at the heart of the allocation of goods and services in a free-market economy?
The notion that lies at the heart of the allocation of goods and services in a free-market economy is the Law of Supply and Demand.
How are resources allocated in the free market?In the free market, people are free to supply and demand various types of goods ( so long as they are legal ) which allows for resources to be allocated such that those demands are met.
The way that these resources are allocated is that there is an interaction between those who are able to supply goods, and those who demand those goods, based on the prices that the people selling and buying are willing to accept, or pay.
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What do the 9th and 10th amendments say?
Answer:
The Tenth Amendment says that the Federal Government only has those powers delegated in the Constitution. If it isn't listed, it belongs to the states or to the people
Explanation:
The Ninth Amendment was part of the Bill of Rights that was added to the Constitution on December 15, 1791. It says that all the rights not listed in the Constitution belong to the people, not the government. In other words, the rights of the people are not limited to just the rights listed in the Constitution.
What are the general features of the financial institutions?
Financial institution: It provides advances and loans to customers, high return rate, highly rated advice to customers for their profitable investments, and acts as a depository for customers.
What is financial system and what is the responsibility of financial institutions?A financial system is an economic arrangement that facilitates the movement of funds and assets between borrowers, lenders and investors by financial institutions. Its goal is to efficiently allocate economic resources to drive economic growth and generate a return on investment (ROI) for market participants.A financial institution is an entity that facilitates financial transactions and acts as an intermediary in financial transactions.Financial institutions have a variety of functions, including banking services, wealth accumulation, financial regulation, pension fund services, and national economic growth.Who are the major financial institutions?The main categories of financial institutions are Central Banks, Retail and Commercial Banks, Internet Banks, Credit Unions, Savings and Lending Institutions, Investment Banks and Investment Firms, Brokerage Firms, Insurance Companies and Mortgage Lenders. IMF.
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one management responsibility is to identify when to create ______, not simply when to mitigate it.
One management responsibility is to identify when to create conflict, not simply when to mitigate it.
What kind of conflict resolution?The goal of conflict management is to lessen its negative effects while enhancing its positive ones. The goal of conflict management is to improve learning and group outcomes, including the issue of effectiveness or that of performance in terms of an organizational setting.
Therefore, A conflict is a struggle that results from a collision of interests, viewpoints, or even moral principles. There will always be conflict in society, and its causes can range from personal to racial to class-based to caste-based to political to international.
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How can having a savings account contribute to a person's overall financial well-being?
A savings account provides security to anticipate the unexpected, allows you to invest when opportunities arise, and provides funds to fulfill your dreams of giving something back to you and your community. By doing so, you can contribute to your overall financial well-being.
What are good reasons to keep money in a savings account?Savings accounts are insured by the Federal Deposit Insurance Corporation up to $250,000, so your money is protected. A savings account makes money more accessible than other ways of saving. A savings account does not help build wealth. It can also lose purchasing power over time due to inflation
What are the benefits and drawbacks of a savings plan? Advantages of a savings account are the potential to earn interest, ease of opening and access, and FDIC insurance and security. Drawbacks to savings accounts are minimum balance requirements, lower interest rates than other accounts/investments, and federal restrictions on withdrawals of savings.To learn more about saving account visit:
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an owner is considering installing a below-ground swimming pool, which will cost many thousands of dollars to build. before hiring a contractor, the owner should consider the concept of
Owner should think about real estate taxes before employing an independent contractor for the development of the work.
ContractorsAn example of an independent contractor is an auto mechanic who has a station license or resale license, buys the parts required for the maintenance, sets his or her own expenses, collects from the customer, sets his or her own hours and days of work, and owns or rents the shop from a third party.
You are hired by yourself if you are an independent contractor. The income of someone working as an independent contractor is subject to self-employment tax. Visit the Self-hired individual's Tax center to learn more about your tax obligations.
The Contractor shall erect and properly maintain at all times, as required by the conditions and development of the work, including barriers, shoring, supports, braces, lighting, hazard signs, and essential safeguards, as will protect workers and the public and as will effectively prevent any harm and injury to persons.
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types of collective bargaining
Composite bargaining, granted bargaining, egalitarian bargaining, integrating negotiating, and efficiency negotiations are the five primary categories of collective bargaining.
What serves as a means for provision?A provision is cash saved in the funds to cover any liabilities that may arise in the future. To improve the accuracy of something like the current year's balance, a provision is utilized to allow for costs that could, in some cases, be offset with in current or prior financial year.
Which preparations are required?A "business make better term" lease clause stipulates that the tenant must return the doors to the home in the same condition that they found it.
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What is the best thing to do when expenses exceed revenue?
When expenses exceed profits, 3 alternatives are endorsed: growth earnings, lessen fees, or a combination of the 2. To apprehend wherein your cash goes and to discover methods to reduce, don't forget to track your costs for a month or.
Fees and fees are similar ideas, and they're now and again used interchangeably, however, there are some differences for organizations to don't forget. A value generally refers back to the charge paid to gather an asset, at the same time a cost is an ongoing fee, which includes a worker's earnings or hires in a retail area.
An expense is typically recognized while a related sale is identified or while the object in the query has no destiny application. An expenditure is usually diagnosed either whilst cash is paid out or legal responsibility is incurred.
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What are 3 benefits of a savings account?
Answer:
1. Earning interest - Savings accounts typically earn more interest than a checking account. This means that the money in your savings account will grow over time.
2. Safety - Savings accounts are generally FDIC insured, meaning that the money you have in your account is protected from loss if the bank fails.
3. Liquidity - Savings accounts are highly liquid, meaning you can access your money when needed.
Explanation:
