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Svetlanka [38]
2 years ago
11

Consumer credit: Multiple Choice is currently a privilege of the affluent. dates back to colonial times. currently carries no fi

nance charge. is not a major force in our economy. use has been declining in recent years.
Business
1 answer:
Alex787 [66]2 years ago
4 0

Consumer credit dates back to colonial times.

<h3>What is consumer credit?</h3>

Money that customers can borrow to pay for products or services is known as consumer credit. Customers who have access to credit can make purchases today and pay for them over time. Consumers can obtain credit from banks, financial organizations, and companies.

Consumer credit is governed by federal and state rules that shield borrowers from dishonest lending practices and stop companies from treating them differently based on non-financial considerations.

Examples of consumer credit are credit cards, education loans, mortgages, etc.

Consumer credit has been around since the colonial era when farmers used it frequently.

Learn more about consumer credit here:

brainly.com/question/17237024

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Which of the following is defined as an unplanned event that results in damage to property? Hazard, injury, accident, violation
Zina [86]

Answer:

violation/accident.

Explanation:

Its violation because its a violation to the property, but you also can use accident because it mean a situation not done on purpose or  something unexpected which will cause damage or injury.

4 0
3 years ago
What is one example of a planned economy?
Daniel [21]

Answer:

socialist economy

Explanation:

A planned economy is a system where the government or the central authority makes all major economic decisions. The government decides on the type and quantities of goods to produce and for whom to produce. In the planned economy, factors of production belong to the government. Manufacture of goods and services is motivated by service to the community, not profits.

A socialist economy is a good example of a planned economy. Just like in a planned economy, a socialist economy is characterized by heavy government involvement. The state controls the factors of production. Public service is the reason for economic production, while consumers do not have the liberty to choose products.

6 0
3 years ago
The Midwest Division of Grainger Company has investment center average invested assets of $200,000 and investment center income
EleoNora [17]

The return on investment for this division is (B) 20%.

<h3>What is the return on investment (ROI)?</h3>
  • Return on investment (ROI) or return on costs (ROC) is a ratio of net income to investment over time (costs resulting from an investment of some resources at a point in time).
  • A high ROI indicates that the benefits of the investment outweigh the costs.
  • ROI is used as a performance indicator to evaluate the efficiency of an investment or to compare the efficiencies of several investments.
  • It is one method of connecting profits to capital invested in economic terms.

<h3>To find the return on investment for this division:</h3>

= income/average invested assets

= $40,000/$200,000

= return on investment

= 20%

Therefore, the return on investment for this division is (B) 20%.

Know more about return on investment here:

brainly.com/question/15726451

#SPJ4

Correct question:

The Midwest Division of Grainger Company has an investment center average invested assets of $200,000 and an investment center income of $40,000. What is the return on investment for this division?

(A) 500%

(B) 20%

(C) 25%

(D) 80%

4 0
2 years ago
The assessment ratio isa) The ratio of assessed value to market valueb) The ratio of assessed value to the average value for pro
Ivan

Answer:

The correct answer is option A.

Explanation:

The assessment value can be found by calculating the ratio of assessed value of a property to its market value.

Market value is the rate at which the property can be sold in the open market.

The assessed value is the value given to the property by the assessor's office in order to estimate property taxes.

7 0
3 years ago
Which of the following taxes are paid by the employee and the employer? a.FUTA b.Federal withholding taxes c.SUTA d.FICA
vlabodo [156]

Answer:

The correct answer is letter "D": FICA.

Explanation:

The FICA (<em>Federal Insurance Contributions Act</em>) is a U.S. law that requires a paycheck deduction to be paid to <em>Social Security</em> and <em>Medicare</em>. Employers and employees share half the payment unless an individual is self-employed meaning the full amount must be covered by that person.

8 0
3 years ago
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