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Gnoma [55]
3 years ago
12

A subprime or predatory loan a. Is now prohibited under Dodd-Frank b. Is a loan with higher interest rates and large prepayment

penalties c. Is not covered under the ECOA d. Both Is a loan with higher interest rates and large prepayment penalties and Is not covered
Business
1 answer:
lara [203]3 years ago
4 0

Answer:

The correct answer is letter "B": Is a loan with higher interest rates and large prepayment penalties.

Explanation:

Subprime or predatory loans are those with higher interest rates usually provided to individuals with negative credit reports. The likelihood that the borrowers will default the payments pushes subprime lenders to increase the interest rates.  

They are named subprime because the interest rate they provide is higher than the U.S. prime rate set by the Federal Open Market Committee of the Federal Reserve Bank. The current prime rate in the U.S. is 5.25%.

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Consumer credit: Multiple Choice is currently a privilege of the affluent. dates back to colonial times. currently carries no fi
Alex787 [66]

Consumer credit dates back to colonial times.

<h3>What is consumer credit?</h3>

Money that customers can borrow to pay for products or services is known as consumer credit. Customers who have access to credit can make purchases today and pay for them over time. Consumers can obtain credit from banks, financial organizations, and companies.

Consumer credit is governed by federal and state rules that shield borrowers from dishonest lending practices and stop companies from treating them differently based on non-financial considerations.

Examples of consumer credit are credit cards, education loans, mortgages, etc.

Consumer credit has been around since the colonial era when farmers used it frequently.

Learn more about consumer credit here:

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4 0
3 years ago
LCH is a leading electronics company that produces and markets its own brand of desktop and laptop computers, for both individua
andriy [413]

Answer:

Communication audit

Explanation:

Communication audit is done to determine how effective communication tools are. It also profers solutions on how to improve on an organisation's communication infrastructure.

Apart from improving internal processes it is used to determine the best way to communicate to the external world.

In this scenario a communication audit is done to measure an external party (the customer) and their interaction with LCH, it's computers, and services.

Knowledge gained can better imporve products and services provided to the customer by LCH

5 0
3 years ago
Read 2 more answers
Nicoloss is a store that sells clothes, cosmetics, travel bags, and furniture to final consumers. Customer reviews indicate that
kirill115 [55]

Answer: Department store

Explanation: When an establishment offers products and services to end or final consumers in various product segments or categories, such stores are usually referred to as department stores. The word department means each product offering is separated or segmented with varieties to choose from. In the scenario above, Nicoloss store is composed of departments ranging from Clothing, Cosmetics, travel bags, furniture, which gives shoppers the opportunity to purchase from different categories of products on offer within the walls of a single store.

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3 years ago
Does china have a pure market economy
horsena [70]
Yes china has a pure market economy
3 0
4 years ago
Most american consumers can easily identify native advertising as paid marketing messages.
faltersainse [42]
<span>Because they are so cleverly integrated with content, especially online in social media settings, paid marketing messages are often accepted as part of the content, rather than ads. Even if ads are marked, the placement and coloring of the identifier sometimes makes it hard to see.</span>
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4 years ago
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