Mortgage payments and student loans are examples of... A) assets B) credit C) collateral Eliminate D) income

History

1 answer:

slavikrds [6]2 years ago

6 0

Mortgage payments, as well as student loans, are classified as credit.

It should be noted that assets are belongings, what one owns, since loans and periodic payments thereon are examples of borrowing or credit, it means assets cannot be obligations, as a result, the option with assets is not relevant in this case.

Secondly, credit means what one owes, obligations that one would make payments in order to discharge them in the future, without mincing words, mortgage payments and student loans fit into this categorization, the correct option, in this case, is option B

Also, collateral is required as a form of equity or contribution when one takes out a loan to finance the purchase of an asset.

Lastly, income refers to earnings and borrowings are not related to income, making it safe to conclude that option D is also nonapplicable to the question at hand.

Kindly find a detailed explanation of credit in the link provided below:

https://brainly.in/question/862848

#SPJ1

You might be interested in

.<br> Durng he starving tmes' in Jemeetown whet did Captn John Smlh say?.

VashaNatasha [74]

"Work or starve" was his motto

7 0

3 years ago

What are the different roles of citizens under a unitary, federal, and confederation systems.

kipiarov [429]

To push for expanded voting rights for African Americans

3 0

3 years ago

Why is u.s history important

Alchen [17]

U.s history is important because an educated electorate is crucial to protecting and nurturing freedom. Historical study is important for many reasons. But for an American, the study of u.s history is particularly important. We need not all be scholars of the American revolution, but we do need an appreciation of what sets us apart from other countries and where we still need to improve.

6 0

3 years ago

Which if there is most likely the responsibility of local government <br><br> Plz help me

Ne4ueva [31]

Answer:

the answer is D

Explanation:

Local governments are responsible for local issues, such as running the police and fire departments and maintaining public works, such as street cleaning, snow removal, and signage. Local governments take charge of public works projects because it would be too difficult for state governments and the federal government to run so many public works programs throughout the country.

6 0

3 years ago

How did the Germans working in the Ruhr respond to the occupation of the Ruhr?

Semenov [28]

Answer:

They retaliated against the army. They responded with retaliation and anger.

Explanation:

In December 1922, Germany stopped paying. In retaliation, the French army invaded the Ruhr and seized goods and factories to make up for the lack of payment. Germany could not respond with force as its military was too weak, so the German government ordered workers to resist the occupation using passive resistance.

3 0

3 years ago