The percentage of adults, nationally, that were current on all credit payments in the last year is 78.5% .
Your friend is incorrect in assuming that all will have high credit scores. because base on the fact that a lot young adults have no credit experience. They are said to often have a high balance on too many credit card.
The state’s on-time payment record compare to the national rate is known to be Texas who are said to have an on-time payment record of 6.7% that is known to be lower than the national rate.
Miral county’s payment rate is 80%, 10% higher than the state of Texas.
The “clumping may be due to the types of jobs that are available to certain states.
<h3>The reasons our credit card or loan bill paid late?</h3>
The reasons why our credit card or loan bill late said to be late is known to have a lot of serious effects if not managed. It can lead to:
- Credit score reduction drastically, that can affect your credit report badly.
- It can also affect the types of opportunities, etc. that one can get through the credit bureau.
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Answer:
Fear appeal.
Explanation:
In this scenario, Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you have passed away. In order to buttress their point, they paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a fear appeal.
A fear appeal can be defined as the act of persuading potential customers to change a risky behavior by highlighting adverse or negative consequences that may arise if they do not subscribe to a service or use a particular product. The main purpose of a fear appeal is to cajole people into buying a product or using a service by using their fears as a motivation.
Answer:
C. moral hazard.
Explanation:
Moral hazard -
It is the condition , where the person take more risk , as he or she is aware that someone else need to bear the risk , is known as moral hazard .
In this case , one of the party can change the damage of other after any type of monetary transaction has occurred .
Hence , from the question ,
The statement given in the question , is about Moral hazard .
Return on Investment = 83% or 0.83
total Profit = 75000
term = 6 yrs
annual profit = 75000 / 6 = 12500
initial investment = 15000
ROI = Net Profit / Total Asset
= 12500 / 15000
= 0.83 or 83% (0.83 x 100%)
