All categories

2 years ago

What is one key difference between payday loans and title loans?

1 answer:

Nutka1998 [239]2 years ago

3 0

Personal loans usually have a fixed interest rate and a predetermined payback period. The length of your loan might range from 24 to 60 months. Rates will be determined mostly by your credit score and credit history, and can range from single digits to triple digits. Fees differ depending on the lender.

Title loans are high-interest, short-term loans secured by the title of your vehicle. The amount you may borrow is determined by the car's worth, and payback terms range from 15 to 30 days. Rates can be in the tens of thousands of dollars.

You might be interested in

What is the expansionary fiscal policy of the government?

iren [92.7K]

Answer:

D. when the government decreases the interest rate

Explanation:

Fiscal policy can be defined as the use of taxes, government spending and transfers to stabilize an economy. Expansionary fiscal policy of the government is when the government of a country decreases its taxes and increases its expenditure. the word "fiscal" refers to tax revenue and government spending.

when the government reduces its interest rates, consumers pay less interest, they have more money to spend and there will be drastic effect to that because there will be more spending in the economy. businesses also benefits from this decreased interest as they will be motivated to buy equipment and obtain loan to boost their businesses and pay less interest.

5 0

3 years ago

Which of the following is most likely used by a seller to target an impulse buyer? a. contest b. coupon c. display d. rebate Ple

mina [271]

C. Display would be the most accurate

7 0

3 years ago

Read 2 more answers

Beckett, Inc. reports the following cost information for March: Cost of Goods Manufactured $ 73 comma 000 Manufacturing Overhea

pentagon [3]

Answer:

Beckett, Inc.

Cost of Goods Manufactured Statement

Direct Materials Used 25, 140

Direct Labor $ 20,280

Manufacturing Overhead 18 ,900

Total Manufacturing Costs $ 64,320

March 1 Work-in-Process Inventory, 9, 680

Cost of Goods Available for Manufacture $ 74,000 

March 31 Work-in-Process Inventory, 1, 000

Cost of Goods Manufactured $ 73,000

March 1 Finished Goods Inventory, 8, 000

Cost of Goods available for sale $81,000

March 31 Finished Goods Inventory, 2, 000

Cost of Goods Sold $ 79,000

7 0

3 years ago

Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the service

Law Incorporation [45]

What should I prepare the trial balance from?

4 0

3 years ago

A hostile takeover is a situation in whicha.the management and board of directors of the targeted firm disapprove of the propose

Tasya [4]

Answer: a - the management and board of directors of the targeted firm disapprove of the proposed merger

Explanation:

A hostile takeover is a situation where the board of directors and senior managers are against the proposed merger.

There are several pre-offer takeover defense mechanisms. One of them is the golden parachute.

The golden parachute is a compensation agreement between a firm and its senior managers. The firm promises a very lucrative amount of money if the senior managers leave the firm if there's a change of control.

There are also post offer takeover defense. They include:

A. The crown jewel - in a crown jewel the firm sells off a subsidiary or an asset to a third party in an effort to mitigate the hostile take over.

B. Greenmail - the target buys its shares back from the acquiring company at a price higher than the market price. This is done with an agreement that the acquirer leaves the target company. It is a form of payoff by the target company.

5 0

3 years ago