Before 2008, the investment bankers thought that buying home mortgages was a good and safe investment because it was a stable investment, which is less impacted by inflation.
The “subprime” mortgages were more riskier than “prime” mortgages because the lender were more likely to default the mortgage.
<h3>What was the event "
Crisis of Credit" about?</h3>
The Crisis of Credit, also known as the financial crisis of 2008 or Global Financial Crisis referred to a severe worldwide economic crisis that occurred in the early 21st century. It was considered the most serious financial crisis since the Great Depression (1929).
In 2008, the financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When bubble burst, all banks were left holding trillions of dollars as worthless investments in subprime mortgages and the Great Recession that followed cost many their jobs, their savings and their homes.
Read more about Crisis of Credit
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Answer:
(D) $71,446
Explanation:
we will calcualte the present value for an 11 payments annuity-due (there is eleven payment of 10,000 if we count the one at purchase date) which couta is 10,000 discounted at 10%
C 10,000
time 11
rate 0.1
PV $71,445.6711
rounding to the nearest dollars: 71,446
Answer and Explanation:
The cost driver refers to the change in the activity units level with respect to the change in activity cost
There are various activities held and according to that the cost driver is also there so that it could be allocated
Just like
Activities Cost driver
1) Materials handling - Number of Requisitions
2) Machine setups - Number of Setups
3) Factory machine maintenance - Machine Hours Used
4) Factory supervision - Number of Employees
5) Quality control - Number of Inspections
Material handling should be based on allocating in the number of requisitions
And the same is applied for other activities
Scholarships would not be of any benefit
Answer:
to prerequisite of economic growth...........
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