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spayn [35]
3 years ago
10

Lenders always accept applications for credit.

Business
2 answers:
Nikitich [7]3 years ago
8 0

Explanation:

Lenders always accept applications for credit.

False. Lenders analyze the client's ability to make the payment, noting some variables such as income, past payments, etc. This way, not everyone can get credit.

Credit cards all use the same interest and finance charges.

True. A credit purchase tends to cost more than paying cash. This is because credit purchases affect the amount of interest, increasing the value of the product.

Credit cards all use the same interest and finance charges.

False. Interest and finance charges depend on several variables. It depends on the customer and their financial history, ie the risk factor, their income etc. In addition, there are differences in interest charged by the different institutions.

One advantage of credit is that it can give you a “float” time between buying the product and when you need to pay for it.

True. The credit increases the time to make the payment. Thus, the payment is not made at the time of purchase, making it an advantage for those who want to make a purchase and has no resources at that time.

Rasek [7]3 years ago
6 0
Lenders always accept applications for credit.False

Credit tends to cost individuals more than paying in cash.
True 

Credit cards all use the same interest and finance charges.
False

One advantage of credit is that it can give you a “float” time between buying the product and when you need to pay for it. 
True

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Which of the following is another term for a planned economy?
Cloud [144]

The correct answer would be option C, Socialist System.

Socialist system is another term for a planned economy.

Explanation:

An economic system, in which the economy(including investment, capital and allocation of capital goods) is governed by a predefined economic and production plans, is called as the Planned Economy, socialist economy, or the command economy.

The system of planning in this economic system can either be centralized, decentralized or participatory.

This economic system is regulated by the Government. All decisions about the capital, lands, buildings, machinery, or other resources are taken by the government.

The production, prices, distribution, etc of the products or services are regulated centrally by the government.

Learn more about Planned Economy at:

brainly.com/question/14703586

#LearnWithBrainly

6 0
3 years ago
Edelman Oil performs oil changes. The standard wage rate for oil change technicians is $ 17 per hour. By analyzing its past reco
weeeeeb [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The standard wage rate for oil change technicians is $ 17 per hour. standard of 18 minutes​ (or 0.30 ​hours) per oil change.

Production= 1,600 oil changes

Actual hours= 310 direct labor hours

the average rate= $ 24 per hour.

To calculate the direct labor rate and efficiency variance, we need to use the following formulas:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (0.3*1,600 - 310)*17

Direct labor time (efficiency) variance= $2,890 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (17 - 24)*310

Direct labor rate variance= $2,170 unfavorable

7 0
3 years ago
According to the law of demand, what is the relationship between price and quantity demanded?
Sindrei [870]

Answer:

According to the law of demand, there is a negative or an inverse relationship between the price of the good and the quantity demanded of that good. This means that an increase in the price of a commodity will lead to decrease the quantity demanded for this commodity and a fall in the price of a commodity will lead to an increase in the quantity demanded for this commodity.

3 0
3 years ago
Van has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and
creativ13 [48]

Answer:

Money is served three purposes- unit of account, store of value and medium of exchange

Explanation:

In this question, we are to identify the role money plays in each of the following parts of the story.

Money is used to measure the valueof good in money unit, so the values can be compared easily.

In the first case, Van is comparing between value of goods. the money serves as unit of account.

Money is used as medium of echange to avoid the difficulty arising out of goods to goods exchange.

In the second case, Van is exchanging $140 for the DVD, money is serving as medium of exchange.

Money also has store of value, it can be saved and exchanged for goods over time.

In third case, Van is saving money for future exchange, money is serving its store of value function.

3 0
3 years ago
There are __ in every economy that are used to produce the goods and services that people want and need
d1i1m1o1n [39]
Answer:
limited resources
6 0
3 years ago
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