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Nikitich [7]
3 years ago
6

What effects did the great depression have on the credit industry

Business
2 answers:
NikAS [45]3 years ago
8 0
It expanded the credit industry because all americans credit was effected by the great depression

lys-0071 [83]3 years ago
8 0
The Great Depression was caused by several things, but compound interest and other things that the credit industry finagled to get the most money out of their consumers was a definite cause. After the Great Depression, credit cards had much more strict regulations, much more.

<span>"Post War Era" I'm assuming meaning post-WWII, if so following WWII consumer borrowing had much stricter regulations in correlation with credit cards, as people could borrow or purchase things they couldn't afford and pay it off with a credit card.</span>
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When an industry is a natural monopoly:
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3 years ago
The liabilities of Blue Spruce Company are $87,000. Common stock account is $145,000; dividends are $44,000; revenues, $462,000;
kotykmax [81]

Answer:

$332,000

Explanation:

Given that,

Liabilities = $87,000

Common stock = $ 145,000

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Total assets = Liabilities + Common stock + Revenue – Expenses – Dividends

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4 0
3 years ago
Presented below is information related to Windsor Company.
zysi [14]

Answer:

Date    Account Titles            Debit         Credit

Oct 1    Cash                          $16,800

                 Common Stock                      $16,800

Oct 2    No journal entry             -                  -

Oct 3    Office Furniture         $2,500

                  Accounts Payable                  $2,500

Oct 6.   Accounts Receivable  $3, 400

                   Service Revenue                   $3,400

Oct 27   Accounts Payable       $1,100

                    Cash                                      $1,100

Oct 30   Salaries Expense       $2,650

                    Cash                                      $2,650

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Why is a consumer likely to be worse off when a product that he or she consumes is rationed?​
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When the price of the good is fixed at a level below the current (equilibrium) price, there will be a shortage of the good and the good will have to be effectively rationed. As in the question above, the consumer is worse off because she is not able to attain her utility maximizing point.
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