Government regulations on credit aim to

Social Studies

2 answers:

weqwewe [10]3 years ago

8 0

Answer:

Correct answer here is: Support those borrowing credit.

Explanation:

The attempt by governments all over the world, and especially in the United States, to regulate credit and the lending of money by financial institutions to individuals began in earnest during the 1960´s, and in the U.S, this became real with the passing of the Consumer Credit Protection Act, of 1968. However, never before was credit lending more controlled and protected than after the crisis of 2008, when the world almost faced a recession so severe, that it made experts believe the world was headed for a new Great Depression. The reason for this crisis was the immense mortgage bubble that was created, especially in the U.S, and the imminent scenario of financial institutions lending credit to people at really high risks, without employment, and without any backups. There was no control over these credits and both individuals and financial institutions embarked on a circle of lending and debt that led several of these institutions to bankruptcy. Because of this, in 2010, a new consumer protection act was passed to seek financial stability. With it, and for the first time, the U.S government took severe regulatory measures and put financial institutions under control, in order to protect consumers and prevent institutions from lending without certain limitations.

Lera25 [3.4K]3 years ago

8 0

Answer:

Explanation:

You might be interested in

Tell how Scout spirit and the Scout Oath and Scout Law apply to camping and outdoor ethics.

ivolga24 [154]

Answer:

<u>Camping and outdoor ethics:</u>

The scout spirit is the capacity or the energy inside the scout to explore various destinations across the region, while keeping the Scout Oath and Scout law intact.

Scout Oath is sense of having a commitment towards a set of standards or rules set by the institution to which the scout is concerned. While, there are certain set of rules to which he must follow up.

There are certain measures which are to be taken before a scout is assigned a task by the scout master, as there are some laws and principles which are required to be considered in order to explore each region with great safety and professionalism.

Explanation:

<u>Scouting:</u>

Scout is any person who is registered with the institution related which is the "Boys Scout of America", and has the set of skills to explore the various destination and acquire more information regarding different regions.

Now we can add a few quotations to answer the question given, as we have the following from the Scoutmasters and from the Board of Review,

“Evaluating Scout spirit will always be a judgment call, but through getting to know a young man and by asking probing questions, we can get a feel for it. We can say however, that we do not measure Scout spirit by counting meetings and outings attended. It is indicated, instead, by the way he lives his life.”

6 0

3 years ago

Which of the following statements is true? Choose one:

balandron [24]

Answer:

C. Varieties of an element that differ only in the number of neutrons are called isotopes.

Explanation:

The Earth is approximately $4.543\times 10^{9}\ years$ old. The solar system formed from giant gas clouds which was a part of the solar nebula.