Assignment 5
(25 points)
7073903271600Assignment 5: Credit and Loans
Instructions
Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
1.If you are borrowing money and paying interest, would you prefer an interest rate that compounds
…show more content…
(3-6 sentences. 2.0 points)
What are your fees?
What if I can't afford to pay your fees or make contributions? Will I have a formal written agreement or contract with you
Are you licensed to offer your services in my state?
10. Visit the website for a large bank or credit card company, and learn about a type of credit card being offered by the company. Describe at least four features of the card and where you got this information. (3-6 sentences. 2.0 points)
Capital 1 Venture rewards credit card.
1.No annual fee for the first year; $59 after that
2. No foreign transaction fees.
11. Visit the website for a second large bank or credit card company, and learn about a similar type of credit card being offered by this company. Describe at least two differences between this credit card offer and the one from question 10 above. Which offer would you be more likely to choose? Why? (3-6 sentences. 2.0 points)
MasterCard
1.Zero Liability*
You don't have to worry when you use your MasterCard credit card because it's covered by Zero Liability protection, whether you pay in a store, over the phone or online. As a MasterCard cardholder, you're not responsible in the event that someone makes unauthorized purchases with your card.
2. Price Protection
Should you find a lower price for a new item within 60 days from the date of purchase using your eligible MasterCard, you may be reimbursed for the price difference.
I would prefer
1. If you are borrowing money and paying interest, would you prefer an interest rate that compounds annually, quarterly, or daily? Why? (2-4 sentences. 1.0 points)
The downfall for MasterCard occurred when they conspiring with Visa to drive up fees while also attempting to monopolize the market. The first solution would be to raise merchants’ fees to gain revenue or work with businesses and banks to come up with a fair and balance fees, and ultimately improve its technologies to further expand into mobile payment and gain in a potential market. The second solution for the company is to think twice before they act; every decision MasterCard Inc. makes is not guaranteed to be legal and ethical which will result in lawsuits against the company. The third solution will be the most costly in that they continue to bend the rules and make unethical decisions, in hopes of not being exposed and pay attorney in the aftermath. Having completed a thorough contextual analysis on MasterCard Inc., it would be in their best interests to maintain high ethical standards to avoid lawsuits and quit conspiring with Visa Inc.
Choose 10 questions. Answer each of those questions in 1-2 paragraphs per answer. Write in full and proper sentences, not dot points (even though they are used here to clarify what you are to do)
For the purpose of grading the project you are required to perform the following tasks:
For the purpose of grading the project you are required to perform the following tasks:
This is a major grade due on Friday at 11:59 pm. There will be a 10 point per day late penalty.
When submitting written assignments, please include your answers to the following assignment completion questions. (Please include the questions and your responses in your assignment submission.)
Go to the National Bureau of Economic Research (NBER) Web site, http://www.nber.org, and select New Working Papers. In the Google search space, type "alcohol." Use the titles and summaries of the papers to answer the following questions relating to elasticity:
You may have been in fear of your card in the previous statement, but do not be alarmed as federal laws ensure that you have the right to receive fair treatment. The Fair Credit Card Billing Act ensures that you can always enter into valid disputes with your credit card issuer and fight out claims.
Directions: Use complete sentences when answering each question. Be sure that your answer fits the word count recommended by the prompt. Standard, proper grammar and punctuation should be used. This worksheet is worth ten points. All questions are worth one point each unless otherwise noted.
Directions: Answer the following questions (2 – 5 sentences) in your own words. Type your answers beneath each question and upload your document through Blackboard before the due date/time.
Here is the information that you absolutely need to know prior to investing in my company, and what to expect when you are about to invest in business in Canada. Canada has several advantages to other countries and has been ranked 2nd in the "Best Countries" ranking for the second year in a row. Canada also ranks in 2nd place in "Starting a Business" and "Paying Taxes" and 3rd in "Protecting Minority Investors". All advantageous things for investing.
Directions: Read each question carefully and answer ALL parts of each question. Cite references as needed. Submit via course Blackboard by March 8th (Sunday), 11:00pm. Save document as a word document. Label each answer by identifying the corresponding question before the answer. ALL work must be your own. Do NOT copy and paste. each question is worth 3 points unless otherwise specified.
* I would think that Venture YY is because of its high after tax profit margins and its high asset turnover.
In the modern era, credit card is being the efficient and secured form of payment which is becoming a necessity for every individual rather than a choice. Especially in United States of America, credit card is being considered as an essential part of life. Since the introduction of Credit cards back in 1920s, the payment system has been revolutionized and there has been a major transformation in the American economy. However, the excessive use of the credit card has resulted in a crisis which is affecting not only the individuals but whole of the country’s economy.