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uysha [10]
2 years ago
11

Joseph wants to take out a large loan. He has always paid his bills on time and has a fantastic credit score. He has been with h

is current employer for a decade and makes enough income that making loan payments should not be a problem. However, he is still denied the loan.
Considering the "3 C's," what was likely the problem that kept Joseph from getting the loan?
Business
1 answer:
oksano4ka [1.4K]2 years ago
7 0

Joseph is probably denied credit due to his bad character, which is an essential element of the Three C's of Credit.

<h3>What are the Three C's of Credit?</h3>

To determine the credibility of a person for grant of a loan or an advance, a lender takes into consideration the Three C's of credit, which are as follows,

  1. Character
  2. Capacity
  3. Capital or Collateral.

Collaterals or Capital help in determination of security of lender from borrower, in case when the borrower is unable to repay the credit. Capacity determines the ability to repay the credit.

Character, on the other hand, helps in determination whether the customer or the borrower's behavior, and the qualities of his or her character in the society.

Hence, the three C's of credit are explained above.

Learn more about the Three C's of Credit here:

brainly.com/question/8743350

#SPJ1

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The country imposes a tariff on foreign-produced goods. (For simplicity, suppose that the effect of the tariff is the following:
Shtirlitz [24]

Answer:

It is said that the country imposes a tariff on the foreign produced goods due to this implementation of tariff the demand for the domestic goods is also high, as a result the exports demand rises. Due to this effect the real exchange rate rises from E1 to E2 and the equilibrium point increased from point one to another.

8 0
3 years ago
Which of the following is NOT an element of the marketing mix?
frosja888 [35]

Answer: Option D

Explanation: The set of activities done by a company for marketing its product is called marketing mix. These are the factors that affect the marketing results of the entity and should be considered thoroughly while decision making.

Seven elements of marketing mix are :-

1. Product

2. Price

3. Place

4. Promotion

5. Packaging

6. Positioning

7. People

THUS, DISTRIBUTION IS NOT ITS PART.

4 0
3 years ago
Use the drop-down menu to complete each statement. The property in a mixed market economy likely is . Most of the property in co
spin [16.1K]

1. Private and public

2. Government

3. less

7 0
3 years ago
Read 2 more answers
CDB stock is currently priced at $82. The company will pay a dividend of $4.65 next year and investors require a return of 10.9
lidiya [134]

Answer:

g = 0.05229 or 5.229% rounded off to 5.23%

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D1 / (r - g)

Where,

  • D1 is dividend in year 1 or the next dividend
  • g is the growth rate
  • r is the required rate of return

Plugging in the available values for P0, D1 and r, we can calculate the value of g.

82 = 4.65  /  (0.109 - g)

82 * (0.109 - g) = 4.65

8.938 - 82g  =  4.65

8.938 - 4.65 = 82g

4.288 = 82g

g = 4.288 / 82

g = 0.05229 or 5.229% rounded off to 5.23%

8 0
3 years ago
Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers thanks to their com
balu736 [363]

The competitive capability which relates to flexibility is the reason that Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers.

<h3>What is the competitive capability?</h3>

Competitive capability relates to the unique ability possess by a company over other competitors.

In this case, the Gymtastic possess the competitive capability called Flexibility.

In conclusion, the competitive capability which relates to flexibility is the reason that Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers.

Read more about Competitive capability

<em>brainly.com/question/5319576</em>

4 0
2 years ago
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