Answer:
unsecured loan
Explanation:
Loans that are issued without the need for collateral are unsecured loans. The loans are not backed by any financial asset. A lender will use different criteria to qualify a borrower for unsecured loans. Should a client with an unsecured default, the bank does not have rights to the physical properties of the client.
In most cases, banks will have schemes through which customers qualify for unsecured loans. For example, a bank can negotiate with its corporate clients for the employees' to qualify for unsecured loans. There also schemes for students and clients with good credit scores to get unsecured loans.
The correct option is A.
Home inspection refers to the examination of the condition of a home prior to buying. Home inspections are usually conducted by professional home inspectors who had been trained on that field. The law demands that a property should be inspected prior to buying and selling of that property. Home inspection is done purposely to identify any problem that might be associated with the property.
Answer:
C) A firm's marginal cost curve is equal to its supply curve for prices above average variable cost
Explanation:
A perfectly competitive firm maximizes its profit when its marginal cost = marginal revenue. In the short run, it will continue to produce even if the marginal revenue is lower than its marginal costs, as long as the marginal costs are ≥ average variable costs.
Therefore, all perfectly competitive firms should supply products or services following its marginal cost curve as long as the price ≥ average variable costs.
Answer:
A - shifting the aggregate demand curve to the left, reducing real GDP and lowering the price level
D - consumption, investment, and net exports decrease; aggregate demand decreases.
Explanation:
If interest rates increase, it becomes more expensive to borrow money (since there is a larger amount to be paid back on top of the value of the loan) and more beneficial to save money (since banks will pay more for saving). This means that consumers are less likely to take out loans and more likely to store their money in the bank, leading to a reduction in consumption—less consumer spending, more saving. Likewise with firms, which will be less likely to invest in new capital (because borrowing funds to buy it costs more) and more likely to save profits. This reduction in consumption and investment means that aggregate demand falls, represented in a diagram by a shift to the left.
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