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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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Answer:

In a Chapter 11 bankruptcy, a class of creditors is considered to have accepted the bankruptcy plan when:

one-half of the class in number and two-thirds of the class in dollar amount agree.

Explanation:

In a Chapter 7 bankruptcy, the business assets are liquidated to pay the creditors.  In a Chapter 11 bankruptcy, the business assets are not liquidated.  Instead, the business is refinanced as the assets and debts are reorganized, making it possible for the continued existence of the business.  This is the reason the agreement of the creditors are usually paramount in the decision to undergo a Chapter 11 bankruptcy, unlike a Chapter 7 bankruptcy.

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Answer:

The answer is: E) It would not necessarily be considered high elsewhere

Explanation:

Usually the inflation rate in the US and Europe is around 1-3%. In the early 1980's the US inflation rate was above 10% so it was considered huge. But if you consider it against inflation rates in other countries, like Argentina for example, which currently has an annual inflation rate of over 60% then it wasn't that big. During the 1980's many countries suffered from hyperinflation, with monthly inflation rates of over 50%.

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When a proposed merger between two companies is reviewed by the government, the relevant market is defined by ________.
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Answer:

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