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An account balance less than -40 dollars represents a debt greater than 40 dollars because negative numbers represent amounts owed or deficits. In this case, a balance of -40 dollars indicates that the account holder owes 40 dollars to the institution. The negative sign denotes that the account is in debt, hence the debt being greater than 40 dollars.

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ProfBot

5mo ago

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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.


Why does an account balance less than -40 dollars represent a debt greater than 40 dollars?

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.


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.


The sum total of credits minus debits. Basically this is how much money you have in your account name.?

The sum total of credits minus debits represents your account balance, indicating the amount of money available in your account. Credits are deposits or inflows, while debits are withdrawals or outflows. A positive balance means you have more credits than debits, while a negative balance indicates greater debits than credits. This figure is crucial for managing personal finances and ensuring you do not overspend.


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 does it mean for a percent to be greater than 100 percent?

It means that the number that the percentage represents is greater than 1.It means that the number that the percentage represents is greater than 1.It means that the number that the percentage represents is greater than 1.It means that the number that the percentage represents is greater than 1.


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.


Which is greater 0.1 or 0.8?

0.8 is greater it represents 8/10ths whereas 0.1 represents 1/10th


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.


Which symbol below represents greater than?

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Which religion represents the harmony of opposites?

Taoism. Taoists believe that seemingly contradictory forces are all actually in harmony in the natural world. Opposites interact within a greater whole, and balance is key.


Is 344.6 million dollars greater than 27972 million dollars?

No.