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Why does an account balance less than -40 dollars represent a debt greater than 40 dollars?
Wiki User
∙ 10y ago
Unless they are reflected in the negative balance already, there are overdraft charges that you also owe. If the -$40.00 reflects more than one transaction that caused the negative balance, each transaction will have an overdraft charge.
Wiki User
∙ 10y ago
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Why does the balance of payments always balance even though the balance of trade does not?
he balance of payments defines an economy's account of receipts and payments.it includes all current accounts and capital accounts. a deficit in current account is managed by creating a surplus in capital account and vice-versa.however,balance of trade is just the balance of exports and imports,exports receipts can be greater than import payments,this creates surplus in the economy and deficit in the other case. balance of trade is a component of BOP.
What are BBT banking checking fees and rates?
The BBT Checking account fees and rates vary depending on the kind of checking account you choose. There is the BB&T Bright Banking, BB&T Student Banking and Identity Protection Checking. BB&T Bright Banking is the most common choice for the majority of users. Here are their rates : Waived maintenance fees (with monthly direct deposit of $100 or greater). Avoid a $10 monthly maintenance fee by maintaining: At least $100 in account, $1,500 average checking balance, $6,000 combined deposit balance including checking, savings,
Why is the money multiplier greater than 1?
The money multiplier is usually greater than 1 because as money is changing hands, it ends up benefiting more users than it would have if it was in a bank account.
Have Banks Revised their Rate of Interest on Savings Accounts Already?
Yes. Not many banks have done it so far, but some of the Private Banks have done so already. 1. YES Bank - 6% for all Savings Accounts 2. Indus Ind Bank - 5.5% for Savings Accounts with balance of less than 1 Lakh and 6% for Savings Accounts with balance of greater than 1 Lakh 3. Kotak Mahindra Bank - 5.5% for Savings Accounts with balance of less than 1 Lakh and 6% for Savings Accounts with balance of greater than 1 Lakh More Banks are expected to follow suit.
Does insurance pay house off after house destroyed by fire?
It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.
Why does an account balance less than -40 dollars represents a debt greater than 40 dollars?
Negative amounts, in this case, represent a debt to the bank.
Explain why an account balance less than negative 40 dollars represents a debt greater than 40 dollars?
If the balance is below -$40 then this means that the debt is greater than $40 because the debt is a measure of how far away (negatively)from 0 the account is. -$40 is $40 away from $0. A lower figure, such as -$41 is even further away from $0 ($41 away)and so represents a larger debt.
Is negative one hundred greater than zero?
The greater the number in your bank account, the happier you are. Having negative one hundred dollars in your bank account means you owe the bank one hundred dollars; Having zero dollars mean you do not owe the bank money. Now which one is better? The better one (for you) is the greater value.
Why does the balance of payments always balance even though the balance of trade does not?
he balance of payments defines an economy's account of receipts and payments.it includes all current accounts and capital accounts. a deficit in current account is managed by creating a surplus in capital account and vice-versa.however,balance of trade is just the balance of exports and imports,exports receipts can be greater than import payments,this creates surplus in the economy and deficit in the other case. balance of trade is a component of BOP.
Why does the balance of payments is always balane even though the balance of trade does not?
the balance of payments defines an economy's account of receipts and payments.it includes all current accounts and capital accounts. a deficit in current account is managed by creating a surplus in capital account and vice-versa.however,balance of trade is just the balance of exports and imports,exports receipts can be greater than import payments,this creates surplus in the economy and deficit in the other case. balance of trade is a component of BOP.
What if Jennifer deposited 10000 in an account that earns compound interest. The annual interest rate is 8 and the interest is compounded 2 times a year. The current balance in the account is 10?
No. If the account is earning interest the current amount should be greater than the initial deposit.
What is typed to represent the words Greater Than or Equal To?
Usually the symbol ≥ is used to represent the words "greater than or equal to." ____ The greater than symbol is > and the equal to sign is =. The less than symbol is <.
What is something to represent a thing as greater than it is?
A small wooden cross can represent Christianity. A Star of David can represent Judaism.
Is 27972 million dollars greater then 344.6 million dollars?
Yes.
Is 344.6 million dollars greater than 27972 million dollars?
No.
Is -9 greater than -5?
-4
Is 1.15 billion dollars greater than 4.5 billion dollars?
No. $4.5 billion is about 3.9 times greater than $1.15 billion.
