What is an interest rate? (with photos)
The interest rate charged on a credit card is expressed as an annual percentage rate. Those in the money lending …
Finance
What is Check Washing? (with photos)
Money laundering is a crime that can lead to arrest and prosecution. Check laundering is an unsophisticated but generally effective …
What is the difference between saving and accumulating money?
Savings accounts can be established for a specific reason, such as vacation or education. Recent attention to hoarding as an …
What is involved in accounting for deferred compensation?
Deferred compensation disbursements are generally not requested by the employee until after he or she retires. Deferred compensation is an …
What are the advantages of the Black-Scholes model?
The Black-Scholes model is a formula designed to perform a wide range of analysis of financial markets. The Black-Scholes model …
What factors contribute to a low standard of living?
Natural disasters such as floods can increase poverty and crime rates. The standard of living is a measure that takes …
What is a Payment Ledger? (with photo)
A payment ledger keeps records of disbursements. A payment ledger is a type of accounting record that helps you track …
What is a bank receipt? (with photos)
Banks encourage customers to review their monthly statements and compare transaction amounts and dates for items listed on the statement …
What are foreign currency earnings? (with photo)
Some organizations, such as banks, earn foreign currency earnings simply by exchanging one currency for another. Foreign currency earnings are …
What are the pros and cons of a fixed budget? (with photos)
A fixed budget sets a line that a company or business cannot cross, making it easier to save money or …