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
solong [7]
3 years ago
11

One bank offers a 2% variable rate loan, while a competitor offers a 3% fixed rate loan over the same period. It is likely bette

r to choose the fixed rate loan, even though the interest rate is higher, because the rate on the
Business
1 answer:
vodomira [7]3 years ago
5 0

Answer:

The problem with variable rates is that they vary, i.e., they might unexpectedly increase and the increase might be pretty significant. One of the main factors leading to the Great Recession was the housing bubble and the increase in mortgage interest rates. Normally, interest rates tend to increase, they might sometimes decrease, but generally they only go up and up.

Even though the fixed interest rate might be higher, it will not change and that  guarantees that you will always pay the same amount and that you can prepare your personal budget to cover it.

You might be interested in
A company earned $7,605 in net income for October. Its net sales for October were $19,500. Its profit margin is:
vivado [14]

Answer: 39%

Explanation:

From the question, we are informed that company earned $7,605 in net income for October and that its net sales for October were $19,500.

To calculate its profit margin, we have to divide the net income by the net sales. This will be:

= 7605/19500

= 0.39

= 39%

3 0
3 years ago
Which of the following is the last step in creating budget
Zolol [24]
<span>Answer D, determining savings or debt, is correct. The first step is identifying and writing down your financial goal(s). The second one is to start writing down every single one of your transactions, this is the most important because it shows you your spending habits. The third step is to create the actual budget. Set aside a certain amount of money for each bill/necessity. The last step is to determine what your savings are.</span>
6 0
3 years ago
Read 2 more answers
Why does an organization's management hierarchy impact the organization's information system management?
JulijaS [17]

The organization's management hierarchy impacts the organization's information system management by reducing the need for information processing and communication.

Management Information System plays a very important role in the organization, as it creates an impact on the organization's performance, functions, and productivity.

The information systems have its impact on organizations structure. Thus, an information systems can reduce the number of levels in an organization by providing managers with information to supervise larger numbers of workers.

The information system performs certain important functions such as- coordination, and control, help employees analyze problems, support decision making etc.

Hence, the information system is important to the organization.

To learn more about information system here:

brainly.com/question/13299592

#SPJ4

5 0
1 year ago
When household debt as a share of income is abnormally high,
scoundrel [369]

Answer:

The correct answer is letter "D": the growth of consumption is likely to remain sluggish even as the economy begins to recover.

Explanation:

If in an economy the household debt increases it is typically caused because of long-term investments like mortgage payments. As a result, the amount of disposable money of the households will decreases which will cause consumption in the overall market will move slowly, regardless the economy is recovering or not.

4 0
3 years ago
The inflation rate is decreasing and unemployment is rising. The economy is likely in
Grace [21]

Answer:

Contraction (recession).

Explanation:

Contraction (recession) refers to a phase of the business cycle in which the economy as a whole is in decline. A contraction generally occurs after the business cycle peaks, when the economy goes through stages as innovation, supply, demand, laws, and politics affect what is made and what is purchased but before it becomes a trough. The first stage of an economy is an expansion where incomes increase with production pushing more consumption and making more work and is marked by the growth of GDP. The next stage is when an economy reaches the high point of this growth known as the peak. After the peak, when a country's real gross domestic product (GDP), the most-watched indicator of economic contraction, has declined for two or more consecutive quarters, then a contraction has occurred.

4 0
3 years ago
Other questions:
  • Wonder Corporation declared a common stock dividend to all shareholders of record on September 30, 20X3. Shareholders will recei
    7·1 answer
  • Scenario 13-3 Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As
    10·1 answer
  • The order of presentation of activities on the statement of cash flows is
    14·2 answers
  • Which of the following pathways are considered part of the government and public service
    12·2 answers
  • Match each scenario with the correct term. IPO, stock, mutual fund and NASDAQ. These are the scenarios:
    14·2 answers
  • Lusk Company produces and sells 16,100 units of Product A each month. The selling price of Product A is $31 per unit, and variab
    7·1 answer
  • Middlesex manufacturing uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. L
    9·1 answer
  • Which of the following statements correctly characterizes the elasticity of demand for food? a. While food demand is not very re
    15·1 answer
  • Climate is based on the way people in the organization view all of the following except _____ .
    13·2 answers
  • Write 'T' against a true statement and 'F' against a false one.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!