1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
trapecia [35]
3 years ago
12

Veronica takes home $1100 per month at her current job. She seeks a loan from her local bank for $40,000 to purchase a new car.

Her estimated monthly payment will be $900 per month. Why will the bank probably deny her request, even if she has a perfect history of repaying past loans? a.Banks never make loans to people who make under $30,000 per year. b.Banks rarely make loans to people who wish to buy a new car. c.Her income will probably not allow her to make the loan payments. d.She probably has a very low credit score based on her history.
Social Studies
1 answer:
iogann1982 [59]3 years ago
8 0

Answer:

The correct answer is c) Your income probably cannot make loan payments.

Explanation:

Even if the bank sees that Verónica has a perfect track record in past loans, it is possible that she will be denied the loan, since Verónica's monthly income will not be enough to pay the loan.

Since she should pay 900 dollars a month, and her salary is 1100 dollars, this would leave Veronica with $ 200 remaining that would be insufficient to pay her monthly expenses. So the bank when making the calculations of the monthly expenses of the person considers that he does not have the income that allows him to pay the loan on a monthly basis.

<em>I hope this information can help you.</em>

You might be interested in
Some types of requirements, although they favor one protected class of people over another, can be legally justified if they are
Volgvan

Some types of requirements, although they favor one protected class of people over another, can be legally justified if they are a <u>business necessity</u> to the job or work the employee will do.

<h3>What is a business necessity?</h3>

In the business sphere, the necessity refers to the legal concept used to justify an employer’s employment criteria that disproportionately affect a group of individuals. This justification resides in the possibility that a company has legitimate reasons to operate under such restrictive employment practices.

Because of this, a firm can favor one protected class of people over another, can be legally justified if they are a <u>business necessity</u> to the job or work the employee will do.

Read more about business necessity

brainly.com/question/12306736

#SPJ1

7 0
1 year ago
_______neuroscience seeks to identify the neural basis of social behavior and looks at how we can illuminate our understanding o
Kitty [74]

Answer:

<u>Social</u> neuroscience seeks to identify the neural basis of social behavior and looks at how we can illuminate our understanding of groups, interpersonal relations, and emotions by understanding their cognitive underpinnings.

Explanation:

Social neuroscience can be defined as the interdisciplinary study of multilevel neurobiological processes (nervous, endocrine, immune) that allow us to interact with the social world, of how neurobiological events affect psychosocial processes and how these, in turn, have effects at the biological level, that is, it addresses fundamental questions about the mind and its dynamic interactions with the biological systems of the brain and the social world in which it resides. This field studies the relationship between neural and social processes, including the intermediate components of information processing and operations at the levels of neural and computational analysis.

3 0
3 years ago
Read 2 more answers
If a sculpture of jesus was believed to take in prayers and transmit them to christ in heaven, this would be an example of what
Murljashka [212]

The form of art will be an intermediary and a representation of the divine If a sculpture of Jesus was believed to take in prayers and transmit them to Christ in heaven.

More about intermediary art:

An intermediary is likely to offer perspectives and ideas that the funder is helpless. Counterparties are frequently drenched in specificity and complexity, from close ties within a subculture to a country viewpoint on an artistic endeavour.

More about art:

It's crucial to keep in mind that the vast majority of people in the globe were illiterate before the development of printing and for several centuries afterward if we are to comprehend the significance of religious art in history. The only thing that helped them remember the sacred tales and teachings of their faith was art.

Learn more about art here:

brainly.com/question/5327448

#SPJ4

7 0
1 year ago
How shopping has changed with the pandemic?
Ipatiy [6.2K]

Answer:

everything went up prices went mad high and you cant get anything like we used to

Explanation:

6 0
3 years ago
What is U.S. currency backed by today?
MrMuchimi
I think the answer will be B. sliver and A. gold
5 0
3 years ago
Other questions:
  • An outlier is an extreme data point that can often inaccurately alter an effect size. A ______ is when all scores are not accoun
    14·1 answer
  • Sociologists accept the notion that race has an objective or scientific meaning but also seek to und?erstand why race continues
    6·1 answer
  • Which of the following is TRUE of schools in low-income areas? Teaching is more likely to encourage rote learning. Federal and s
    6·1 answer
  • Which conclusion can be made about the Ming dynasty of China as a result of the travels of Zheng He?
    5·1 answer
  • When discretionary release is used, the parole board's power is much like that of the ________?
    15·1 answer
  • 15
    11·2 answers
  • A 38-year-old mother has been in an induced coma for 3 weeks following a motor vehicle accident (MVA). When she awakens, she tha
    6·1 answer
  • What types of trees are there and give examples ?
    8·1 answer
  • Describe the insurrection that occurred on January 6, 2021.
    6·1 answer
  • Citizenship often strikes a balance between rights and responsibilities give an example of a citizens rights and responsibilitie
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!