there are two types of overdraft interest.
first, overdraft consumption interest: the interest rate is .5% per day, but credit card overdraft consumption generally has an interest-free period of 25 to 56 days. As long as the cardholder repays in full and on time, he can enjoy this discount; If you don't pay in full, the bank will calculate the interest from the date you spend until you pay the current bill.
Second, the overdraft cash draws interest: the interest rate is .5% per day, but there is no interest-free period. Cardholders need to repay the cash withdrawal amount and interest on time. It can be seen that the interest is very high whether it is overdraft consumption or overdraft withdrawal. Therefore, we should think carefully and avoid failure.
interest rate refers to the ratio of the amount of interest to the amount of borrowed funds (principal) in a certain period. Interest rate is the main factor that determines the capital cost of enterprises, and it is also the decisive factor for enterprises to raise funds and invest. We must pay attention to the current situation and changing trend of interest rate in the study of financial environment.
interest rate refers to the ratio of the interest amount due in each period to the par value in the amount borrowed, deposited or borrowed (called the total principal). The total interest of the lent or borrowed amount depends on the total principal, interest rate, frequency of compound interest and the length of time of lending, deposit or borrowing. Interest rate is the price that the borrower needs to pay for the money he borrows, and it is also the return that the lender gets by delaying his consumption and lending it to the borrower. The interest rate is usually calculated as a percentage of one-year interest to principal.
generally speaking, interest rates are expressed by annual interest rate, monthly interest rate and daily interest rate, depending on the term standard of measurement.
in modern economy, interest rate, as the price of capital, is not only restricted by many factors in economic society, but also has a great impact on the whole economy. Therefore, modern economists pay special attention to the relationship between various variables and the balance of the whole economy when studying the determination of interest rate. The theory of interest rate determination has also experienced the evolution and development of classical interest rate theory, Keynesian interest rate theory, loanable funds interest rate theory, IS-LM interest rate analysis and contemporary dynamic interest rate model.
Keynes thought that savings and investment are two interdependent variables, not two independent variables. In his theory, the money supply is controlled by the central bank and is an exogenous variable without interest rate elasticity. At this time, money demand depends on people's psychological "liquidity preference".
loanable funds's interest rate theory is the interest rate theory of neoclassical school, which was put forward to revise Keynes's "liquidity preference" interest rate theory. To some extent, loanable funds's interest rate theory can actually be regarded as a synthesis of classical interest rate theory and Keynesian theory.
Hicks, a famous British economist, and others think that the above theory does not consider the income factor, so it is impossible to determine the interest rate level, so in 1937, the IS-LM model based on the general equilibrium theory was put forward. Thus, a theory that interest rate and income are determined at the same time under the interaction of savings and investment, money supply and money demand is established.
according to this model, the determination of interest rate depends on four factors: savings supply, investment demand, money supply and money demand, and all the factors that lead to the change of savings investment and money supply and demand will affect the interest rate level. This theory is characterized by general equilibrium analysis.
this theory organically unifies the commodity market equilibrium of classical theory and the money market equilibrium of Keynes theory under a relatively strict theoretical framework.
Marx's interest rate determination theory considers the role of institutional factors in interest rate determination from the perspective of the source and essence of interest, and its theoretical core is that interest rate is determined by average profit rate. Marx believes that under the capitalist system, interest is a part of profit and a conversion form of surplus value.
the independence of interest is of positive significance to truly show the dynamic role played by capital users in the process of reproduction.