Answer:
Explanation:
The reverse mortgage is the mortgage which is give to the people who age is 62 years or below . The main aim of providing reverse mortgage loan is to take the loan in exchange of collateral security. The collateral security here means the home which is belongs to the borrower. The loan amount is depend upon the value of the home. The time period to repay the amount is of 6 months . If an borrower is unable to pay the amount, than bank or financial institution has the right to recover the loan amount by selling the house property of the borrower, and also it does not entertain with the monthly payments.
Answer: (1)revolving credit, (2)installment account,& (3)charge card
Explanation:
(1)Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.

(2)Borrowers have to make regular payments under fixed terms.

(3)Consumers can shop using credit at specific locations.
Answer:
a. decreases, so aggregate demand shifts left.
Explanation:
When tax is increased, disposable income reduces and therefore consumption falls. The fall in consumption shifts the aggregate demand curve to the left.
I hope my answer helps you.
Answer:
b. an assignee.
Explanation:
Based on the information provided within the question it can be said that in this scenario Creditline is an assignee. This term refers to the individual or company that is accepting the obligations or responsibilities of the individual or company that presently has those obligations in the contract (the assignor) which in this scenario is Software Solutions since they are the ones transfering the right to payment.
Answer:
The consumer price index for February is 122.85
Explanation:
Consumer price index: It shows a change in prices for different years in different products and service.
In this question, we use the formula of Consumer price index which is shown below
= Good and services spend on February month ÷ Good and services spends on January month × 100
= $4,300 ÷ $3,500 × 100
= 1.2285 × 100
=122.85
In the question, it is given that take the January month as the base year so we do the same.
Hence, the consumer price index for February is 122.85
