The depth to payments ratio or DTI is defined as the ratio of the total monthly bills to be paid to the monthly income of that particular person.
Explanation:
The DTI ratio can be calculated in four ways:
1. Make a note of all the payments you have to make every month and sum them up.
2. Calculate your income including your wages, dividends, freelance payments, and alimony.
3. Convert all the values to a monthly value.
For example: If your annual is $60000, the monthly income would be %5000. Carry on the same calculation for your debts also. Suppose your annual debt is $30000, then the monthly debts total is $2500.
4. Finally, divide the debt value by your income value and then multiply it by 100. We are multiplying by 100 to arrive at a percentage value.
For the above example your DTI will be $30000 divided by $60000 which equals to $0.5 x 100 = 50%
The thirteen American colonies declared their independence from Britain in seventeen seventy-six. But they had to win their independence in a long war that followed. During that war, the colonies were united by an agreement called the Articles of Confederation.
Pros: Encourages competition and innovation; Increases the variety of available products;
Cons: Prevents governments from regulating dangerous economic activities; Creates large gaps between the rich and the poor;
C. Promotes economic freedom; Encourages risky economic behaviors;
Explanation:
The free-market economy type has gradually become the dominant economic type around the world. The spread of this economic type has been largely due to the globalization and the fall of the communism in many areas of the world.
The free-market economy type has its pros and cons, thus its supporters and critics.
As pros can be seen that it encourages competition, innovation, the variety of products increases significantly, there is economic freedom, and the products are of higher quality for lower prices. On the other hand, the cons are that there are large gaps in wealth, encourages risky economic behavior, and the governments are prevented from regulating dangerous economic activities. The last one is very concerning, as even though the courts are intervening and putting things under control, often it is after the damage has been done, which can be easily avoided if the governments regulated things in the first place.
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c. Black South Africans had no representation.
Even before after the Anglo-Boer War, relations among Black and White were exceptionally stressed. By the turn of the twentieth century, Mandela was not yet conceived, but rather the racial segregation which he battled against about for his entire life was at that point profoundly settled in South Africa.
The expert white arrangements of the British pioneer executive Alfred Milner pursued by the oppressive enactment sanctioned by the Union of South Africa induced extensive obstruction from Blacks and prompted the development and growth of new political bodies.
