Interest allows creditors to be paid for giving up Loans.
In a loan, the debtor must paid a specific amount that agreed upon the initial borrowing to the creditors over period of time in order for the creditors to gain profit from the process
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The immediate effect was that it divided the newly discovered land in South America along a line. With lands to the west of a line belonging to Castile and the land to the east belonging to Portugal.
Answer:
To avoid any perception of “taxation without representation,” the Articles of Confederation allowed only state governments to levy taxes. ... The country's economic woes were made worse by the fact that the central government also lacked the power to impose tariffs on foreign imports or regulate interstate commerce.
Explanation:
Specialization refers to the process whereby a country or an individual decide to concentrate on production of limited variety of goods in which he has economic advantage and relies on other countries or individual for getting goods which he can not produce himself.
The advantage of specialization is that people become experts at what they do and produce quality goods. Specialization enable people and countries of the world to interact with one another.
An example of specialization in international trade is the production of cocoa bean which is used to make cocoa beverages by Nigerians. Nigeria cultivate cocoa beans and export it to Japan who supply them with electronic goods. <span />
Answer:
The justices of the Supreme Court are nominated by the president and confirmed by the Senate.
