Question about Bank of America Business Investment Account

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Why security setup like cusip is required for investment banks?

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Posted on Sep 22, 2017


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What are the benefits of investing in a fixed deposit?

FDs or fixed deposits have quite a few benefits for investors.

  1. Not volatile -FDs are considered the safest investments as the interest rates or not volatile and the market forces have no effect on them.
  2. Assured Returns on Maturity - You invest a sum with a bank or NBFC and earn an interest on the principal for the time you invest your funds in it. After the completion of the tenure your amount is said to be matured and you can get your amount after the maturity period. In short, your returns are assured.
  3. They are Insured - Ds are insured as per the guidelines of the RBI. That means even if the bank or NBFC is defunct even then your FD is safe.
  4. Take a Loan - You can take a loan against your FD. Since it is extended as an overdraft, you can continue to earn interest on your FD.
Invest in Multiple FDs - Invest in as many FDs and in as many banks as you want. There is no restriction on that.

Jul 06, 2017 | Finance

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Definition of CUSIPS ? an acronym

  1. CUSIP stands for Committee on Uniform Securities Identification Procedures. A CUSIP number identifies most securities, including: stocks of all registered U.S. and Canadian companies, and U.S. government and municipal bonds.

Mar 16, 2015 | Cell Phones

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How do In check my balance

On the site from your bank?
You should ask your bank how to check your balance, and how to setup a bank account. Also make sure you know how you make a secure connection with your bank, with a HTTPS connection. Always check the URL when banking.

Feb 01, 2015 | Computers & Internet

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What is the abrieviationPERLS

You have a choice:
PERLS Principal Exchange-Rate-Linked Security (finance)
PERLS Preferred Exchangeable Resettable Listed Shares (trading)

Aug 28, 2014 | Computers & Internet

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I want to invest R10000 in a bank investing at 14% compounded twice a year

Invest R10000 in a bank investing at 14% compounded twice a year.

A = P(1+i)^n, where A is the amount, P is the principal or initial investment, i is the interest rate per period, and n is the number of periods.

If the annual rate is 14%, the semi-annual rate is 7%. One year is now composed of 2 6-month periods.

So after one year, we have A = 10 000 (1.07)^2 or 11,449.

Good luck,


Nov 19, 2013 | Sharp EL-738 Scientific Calculator

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Is investing in a CD safe?

Investing in a CD is just as safe as investing in a savings account. As long as your bank is FDIC-insured, at least some of your money is covered if the bank were to go under. If you have up to 100,000 dollars, then all of your money would be refunded in such an instance.

Aug 19, 2013 | Finance

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Wat is phone banking

Phone banking is a service provided by the banks, which allows customers to perform bank transactions over the telephone.
Phone banking services use an automated phone answering system with phone keypad response or voice recognition capability. To guarantee security, the customer must first prove his/hers identity through a numeric or verbal code (password) or through security questions asked by a live representative. With the exception of cash withdrawals and deposits, it offers virtually all the features: account balance information and list of latest transactions, e-bill payments, fund transfers between accounts, e.t.c.
Customers can also speak to a live representative located in a bank's call center or branch. In addition to the self-service transactions listed earlier, telephone banking representatives are usually trained to do what was traditionally available only at the branch: loan applications, investment purchases and redemptions, chequebook orders, debit card replacements, change of address, etc.

Aug 10, 2011 | Lands Phones

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I am on social security and child support is taking every penny. I have nothing.

It'll be neccessary to find a second alternative income. This can either be in the form of investments in the forms of CDs and Bonds through your local bank, which requires some funds, or you can attempt to get a second job if possible, either a physical job with a low entry barrier, such as at a grocery market, or an online part time job, such as medical billing.
You may wish to apply to your local temp agency. If you give them a list of criteria, such as any disabilities or limitations, they can do their best to help you find a second job that will work with your life.
Unfortunately it takes money to make money, or at the very least, a bit of work. Remember to hang in there though.

Apr 07, 2011 | Simply Media Simply Money & Personal...

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Security key needed

the key was assigned by you when you picked the security type on your router during setup. The router is WEP or WPA , both require a Passphrase. Maybe you can get the ip address and type it in windows URL and see the setup instruction. Bottom line you need to get to the routers setup ...the passphrase will be shown on the security page. Good luck and be safe!

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Mar 12, 2009 | Televison & Video

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