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belka [17]
2 years ago
14

How does the percent of people who would borrow from some financial institution compare to the percent of people who would borro

w from friends or family?
Business
1 answer:
kodGreya [7K]2 years ago
5 0

9 percent of people would borrow from some financial institution to 23 percent borrowed from friends or family.

41% of Americans have lent money to a friend or family member. About 2 in 5 Americans have lent money to their loved ones in the last year. On average, lenders offered her $1,497, with 62% already repaid. Of those who lent money, 38% lent it to friends and 31% to siblings.

12% of adults were financial institutions unable to pay their costs under any circumstances. It's annoying to have so many extras for such a small expense, but even if you have $400 to spare, you choose to take out a loan to use cash as a cushion for other expenses. There may also be people.

Learn more about the financial institution at

brainly.com/question/734697

#SPJ4

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Choose all that apply. Select all the responsibilities of consumers. Gather information about products and services before makin
jolli1 [7]

Answer:

Stay informed about products that you buy to be aware of product recalls.

Gather information about products and services before making a purchase to be aware of price, quality, and the product specifications.

Read instructions on products and use them as intended.

Take action and report faulty products, fraudulent activity, and any other violation of consumer rights.

Consider the impact of your purchases on others and choose products that do not harm the environment.

Insist on compensation if you are not satisfied with your purchase.

8 0
3 years ago
According to the path-goal theory, directive leadership will lead to higher employee satisfaction when there is ________ within
lakkis [162]

Answer:

The correct answer here would be Cohesiveness.

Explanation:

Path goal theory is a type of motivational theory, which tells about how leaders can motivate their subordinates in accomplishing the designated goals.  Here directive leadership will help in increasing employees satisfaction when there is cohesiveness with in a work group. Cohesion in the group means that people in the group are working in unity and works towards achieving the goals and also satisfying emotional needs of group members.

8 0
3 years ago
You own a fixed-income asset with a duration of five years. If the level of interest rates, which is currently 8%, goes down by
I am Lyosha [343]

Answer:

0.4629%

Explanation:

Given:

Duration of fixed assets (D) = 5 year

Interest rate (r) = 8% = 8/100 = 0.08

Decrease in Interest rate point(ΔY) = 10 basis = 10/100 = 0.01%

Computation:

D* = D / (1 + r)

D* = 5 / (1 + 0.08)

D* = 5 / 1.08

D* = 4.6296

Computation:

ΔP/P = D* × ΔY

= 4.6296 × 0.01%

= 0.4629%

Therefore, Price of the assets go up to 0.4629%.

5 0
3 years ago
Two oligopolists have to decide on their pricing strategy. Each can choose either a high or a low price. If they both choose a h
yulyashka [42]

Answer:

<h2>Considering absence of collusion,the firms will choose low price in this instance.</h2>

Explanation:

  • First,focusing on all the possible payoffs for the firms under low price situation, the possible individual payoffs for the firms are $8 million and $16 million considering that the other firm chooses low price and high price respectively.
  • Now, regarding the individual payoffs from choosing high price, the possible payoffs for the firms are $12 million and $4 million, considering that the other firm chooses high price and low price respectively.
  • Therefore, notice that considering all possible scenarios,both the minimum and maximum payoffs from choosing low price are actually higher than the same estimates under choosing higher price.
  • Hence, to ensure a higher subsequent individual payoff, both the firms would expectedly choose lower price considering the possibilities of both higher minimum and maximum payoff compared to choosing higher price.
5 0
3 years ago
Other things constant, an increase in the real GDP of a country will _____
e-lub [12.9K]

Answer:

e. shift the demand for money curve rightward.

Explanation:

Increases in the aggregate income level or the real GDP will increase the demand for money. An increase in the demand for money is represented by a rightward shift (outward) of the demand curve of money. IN other words, the more money people or businesses earn the more they will demand since spending levels increase.

7 0
3 years ago
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