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GrogVix [38]
3 years ago
14

Vito borrows $150,000 from Workers & Farmers Bank to buy a home. If he fails to make payments on the mortgage, the bank has

the right to repossess and auction off the property securing the loan. This is
a. a cram-down provision.
b. a forbearance.
c. a foreclosure.
d. the right of redemption.
Business
1 answer:
mariarad [96]3 years ago
5 0

Answer: Option C

Explanation:  Foreclosure is something that occurs if the mortgage is not paid by a borrower. In fact, it is a judicial process through which the person relinquishes all ownership rights.

If the owner is unable to settle off the outstanding loans or sell property through a short sale, then the estate will go to an exchange for foreclosure. If the estate does not sell then, it will be taken over by the lender.

When a lender loans you money without any collateral (credit card debt, for instance), it can take you to court for failure to pay, but it can be very hard to collect money from you.

Lenders often sell this sort of debt to outside collection agencies for pennies on the dollar and write off the loss. This is considered an “unsecured loan.”

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Financial markets and _______ channel _______ to_______ . They also channel money from individuals who want to _______ for the f
garik1379 [7]

Answer:

Financial intermediaries; savings; real investments; save; mutual funds; ETFs; commodity markets; shares; liquid; stock market; banks; CFO; bonds

Explanation:

Financial markets and FINANCIAL INTERMEDIARIES channel SAVINGS to REAL INVESTMENTS . They also channel money from individuals who want to SAVE for the future to those who need cash to spend today. A third function of financial markets is to allow individuals and businesses to adjust their risk. For example, MUTUAL FUNDS, such as the Vanguard Index fund, and ETF( educational trust funds) , such as SPDR's or "spiders," allow individuals to spread their risk across a large number of stocks. Financial markets provide other mechanisms for sharing risks. For example, a wheat farmer and a baker may use the COMMODITY MARKETS to reduce their exposure to wheat prices. Financial markets and intermediaries allow investors to turn an investment into cash when needed. For example, the SHARES of public companies are LIQUID because they are traded in huge volumes on the STOCK MARKET .

BANKS are the main providers of payment services by offering checking accounts and electronic transfers. Finally, financial markets provide information. For example, the CFO of a company that is contemplating an issue of debt can look at the yields on existing BONDS to gauge how much interest the company will need to pay.

7 0
3 years ago
A reason for government involvement in a market economy is:
larisa [96]

Answer:

d. All of these answers are correct.

Explanation:

A market economy is where production decisions are made by the forces of demand and supply. Means of production are privately owned .

The government intervenes in a market economy for all the above stated reasons.

I hope my answer helps you.

5 0
3 years ago
The analysis tool that lists products in descending order of their individual dollar contribution to the firm is:
Sonja [21]

Answer:

Product Life Cycle Analysis

Explanation:

6 0
3 years ago
Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s, while women entrep
Dmitry [639]

Answer:

False

Explanation:

According to Pamela Webbers research in the U. S

40% of men started their first entrepreneurial venture before the end of their 35th year, while only 33% of women fell into this category.

4 0
3 years ago
Which of the following is an example of categorical data? A social security number B score on a multiple-choice exam C height, i
Dima020 [189]

Answer:

A social security number

Explanation:

Categorical data is type of data that can be divided into groups or the data which defines a category

Here, in the given question

Score on a multiple-choice exam, Height, in meters, of a diving board and number of square feet of carpet are the quantitative data which means the data quantifies a sample with a particular value.

While A social security number defines a certain category of people.

4 0
3 years ago
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