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max2010maxim [7]
2 years ago
6

What loans tend to have a lower interest rate than credit cards and are used for specific purposes such as purchasing a home or

car? Select one: a. Open-end loans O b. Bank loans Oc. Close-end loans O d. Credit union loans​
Business
1 answer:
Darina [25.2K]2 years ago
7 0

The types of loans that tend to have a lower interest rate than credit cards and are used for specific purposes such as purchasing a home or car are <u>c.</u> <u>close-end loans</u>.

<h3>What are closed-end loans?</h3>

Closed-end loans are designed for a particular purpose and are disbursed at once.

Unlike open-end loans, bank loans, or credit union loans, closed-end loans are not re-issued and the debtor is expected to pay back within a specific date.

Thus, the types of loans that tend to have a lower interest rate than credit cards and are used for specific purposes such as purchasing a home or car are <u>c.</u> <u>close-end loans</u>.

Learn more about close-end loans at brainly.com/question/1937712

#SPJ1

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Suppose an initial increase in government expenditure increases output by $50,000. if the size of the multiplier was 1.0, the si
Tamiku [17]

Suppose an initial increase in government expenditure increases output by $50,000. if the size of the multiplier was 1.0, the size of the initial increase in government expenditure was $50000.

<h3>How to solve for the change in multiplier</h3>

We can solve for the change in multiplier by using this formula which is Change in output / multiplier

The change in output is 50000 while the change in multiplier is 1

This would give us 50000 / 1 = 50000

<h3>What is the government multiplier?</h3>

This is the terminology that is used in economics to refer to the fact that an additional spending by the government of an economy would cause the income of the household to rise.

Read more on government multiplier here: brainly.com/question/15883095

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7 0
2 years ago
country cupboard purchased inventory for $ 4 comma 800 and also paid a $ 360 freight bill. Country Cupboard returned 20​% of the
Ede4ka [16]

Answer:

A. $ 4,123

Explanation:

For accounting purposes we will consider as cost to ivnentory all the necessarycost incurred to get the merchandise ready for use. Therefore the returns and dsicount decrease the inventory as they weren't cost incurred.

The freight will count as necessary and incurred thus, added.

Invoice nominal          4,800

returns

4,800 x 20% =       <u>      (960)</u>

balance                      3,840

discount 2%           <u>        (76.8)   </u>

merchandise cost     3.763,2‬

freights-in          <u>          360     </u>

total cost                   4,123.2

3 0
3 years ago
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The answer for this question is: $126,749 per violation

The ground for this huge amount is by wilful violate the rules, the employer basically putting his/her employee's life in danger on purpose, so the punishment for this should be a lot higher.

This amount is exactly ten times the amount of penalty imposed to the employer who commits willful violation ($ 12,675)

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4 years ago
The internal rate of return (IRR) for a project is the discount rate at which:
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Out of the choices given, the economic goals focuses on funding technological advances in efficiency production. The correct answer is A. 
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