Business math unit 5 | Business & Finance homework help

Consumer Credit

1. Critique the use of bank debit cards. Bank debit cards are becoming a popular alternative to using checks or credit cards. Investigate the advantages and disadvantages of using a bank debit card and answer the questions below.

Here are some ideas to consider in your investigation:

  • convenience to account holders
  • “float” time
  • record of transactions
  • financial privacy/safety
  • card loss/theft liability
  • checkbook balancing
  • vendor acceptance
  • usage fees by banks
  • usage fees by vendors
  • ease of administration by banks
  • ease of administration by vendors

Where did you get your information?

  • Was it the most reliable resource? Why or why not?
  • How could you have improved the reliability of your resource?
  • How has technology, such as online banking, affected these aspects? Discuss any pros and cons about the affects of technology on the aspects of reliability.

2. Your textbook defines an installment loan as a “loan with regular payments” (Cleaves, Hobbs, & Noble, 2014, page 428). Search the internet to find an article or application of a type of installment loan that you find interesting, that you encounter on a daily basis or that you find in your profession. Present this article or application to the class and explain why you chose the example. Find the amount financed, the installment price, and the finance charge of the installment loan. Include the URL for the site you used. Do not copy the text in the site verbatim. You should summarize your findings.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.