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lesya692 [45]
2 years ago
10

What percent of adults, nationally, were current on all credit payments in the last year?

Business
1 answer:
Furkat [3]2 years ago
8 0

The percentage of adults, nationally, that were current on all credit payments in the last year is 78.5% .

Your friend is incorrect in assuming that all will have high credit scores. because base on the fact that a lot young adults have no credit experience.  They are said to often have a high balance on too many credit card.

The state’s on-time payment record compare to the national rate is known to be Texas who are said to have an on-time payment record of 6.7% that is known to be lower than the national rate.

Miral county’s payment rate is 80%, 10% higher than the state of Texas.

The “clumping may be due to the types of jobs that are available to certain states.

<h3>The reasons our credit card or loan bill paid late?</h3>

The  reasons why our credit card or loan bill late said to be late is known to have a lot of serious effects if not managed. It can lead to:

  • Credit score reduction drastically, that can affect your credit report badly.
  • It can also  affect the types of opportunities, etc. that one can get through the credit bureau.

learn more about  credit payments from

brainly.com/question/2151013

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During the past 1000 years, the income per person of the world has
Mamont248 [21]

Answer: Has increased.

Explanation: Income per person has increased over the years because the cost of living and expenses have also increased. As the cost of items go up, income increases to help consumers be able to afford living and purchasing goods and services.

5 0
3 years ago
LaTisha contracted with Marco, who operates a farm in Guatemala, for the importation of some great coffee beans for her coffee s
bearhunter [10]
Since the coffee beans arrived on September 2 instead of on September 1, LaTisha's best defense would be breach of a legally binding contract by Marco. Marco failed without, any legal excuse, to deliver the products as promised. Marco violated the legal agreement between the two parties since he did not perform his obligation.



8 0
3 years ago
What type of tax system does the United States government use to collect income taxes?
Korolek [52]

Answer:

The answer is option 3:

Progressive  

Explanation:

The overall federal tax system is progressive, with total federal tax burdens a larger percentage of income for higher-income households than for lower-income households.

Individual income taxes are an example of progressive tax structure.

Progressive tax are the tax for which the percentage of income paid in taxes increases as income increases.

A tax determined by an individual's income from all sources are called Individual income tax.

5 0
3 years ago
Read 2 more answers
If the Central Bank of Macroland puts an additional 1,000 dollars of currency into the economy, the public deposits all currency
FromTheMoon [43]

Answer:

a. 9,000; 10,000

Explanation:

The computation is shown below:

The money multiplier is

= 1 ÷ 0.10

= 10

Now If $1,000 are deposited in banks and the expected reserve ratio is 0.10 ration so the lending amount is $900.

And now if we considered the money multiplier, so it would be increased by

= $900 × $10

= $9,000

And, the increase in money supply is

= $9,000 + $1,000

= $10,000

Hence, the correct option is a.

4 0
3 years ago
Explain how productivity, economic growth, and future standards of living are influenced by investment in factories, machinery,
aliina [53]

Answer:

<em>There is a direct relation of the productivity, economic growth, and future standards of living with the investment in factories, machinery, new  technology, and the health, education, and training of people.</em>

Explanation:

  1. <u><em>Relation with the investment in factories, machinery, new  technology </em></u>

If there is larger investment in factories, machinery and new technology (fixed assets investing) then there will be more production which will require more labour. With more production, there will be more consumption thereby. The profits of the enterprises will increase and hence more taxes will be paid to the government, labour income in the economy will rise and hence there will be more consumption thereby. More taxes to the government will imply more public spending by the government.

So, saying all of that <em>productivity, economic growth, and future standards of living </em>will be in a much better place with the increase in fixed assets investing and vice-versa.

     2. <u><em>Relation with the investment in health, education, and training of</em></u><em> </em><u><em>people</em></u>

With the increased investment in health, education and training, people would be able to work more and better. Thereby, implying <em>higher incomes and productivity leading to more economic growth and ultimately better future standards of living.</em>

3 0
3 years ago
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