Answer:
redlining
Explanation:
Redlining is an illegal banking practice that focuses on neighborhoods that are mostly inhabited by minorities. The term redlining itself comes from the practice of marking neighborhoods on city maps with red lines to represent them as dangerous both for banking purposes and high crime rates.
Banks cannot directly deny a credit based on where you live, but they can charge very high interest rates that make them very difficult to pay, or simply ask for a lot of paperwork and more requirements than usual.
Answer: 6.40%
Explanation:
Use Excel to calculate this by the formula;
= RATE(Nper,Pmt,-Pv,Fv)
Nper is number of periods = 20 * 2 = 40 semi annual periods
Pmt is the payment = $6%/2 * 1,000 = $30
Pv is the present value = $955
Fv is future value or face value = $1,000
= RATE (40,60,-955,1000)
= 3.20% * 2 (because this is a semi annual rate)
= 6.40%
Answer:
the correct answer is "Mobile Banking".
Explanation:
Mobile banking is doing banking and related financial activities such as money deposits, withdrawals, bill payments, issuing standing orders, checking the balance amount and opening/closing accounts through the internet and the mobile devices.
Mobile banking is more popularized through the launch of new applications in the iOS and Android platforms.
Mobile banking has made it easier for the customers to do banking related activities and it has made it easier for the banks to process more transactions without increasing their number of employees.
Answer:
The effect of negative interest rates on the economy is reflected in option D: negative interest rates simply cannot happen in reality. Answer D is the correct response.
Explanation:
Answer C is partially correct. In reality, experiments are running on economies as today: Greece economy. After a huge recession in previous years, the Government has released bonuses that, at the end of their effective period, will be charging people for actually buy them, and not paying them back. This leads us to answer D: negative interest rates can actually happen, but they cannot exist as an economic mechanism that develops the economy: customers will go for profit, not cost.
The effect of this model is negative on the economy since it will not provide enough resources for stimulation. Also, it will not slow it down since it is not expected that an instrument with negative interest rates will be accepted, in the form of bonuses, by customers; or loans, provided by banks.
Identical products is a characteristic of a A. perfect competition.
Here are all of the characteristics of perfect competition:
1. a large number of small firms
2. identical products
3. freedom and resource mobility
4. knowledge of prices and technology
