Answer: Foreclosure
Foreclosure refers to a bank’s act of taking possession of a mortgaged property when the mortgage holder fails to make the monthly mortgage payments.
Foreclosure occurs when a home owner does not pay his monthly loan instalments for three consecutive months.
It is a legal process in which the home owner loses the ownership of the property and the banker gets the right to sell off the property in order to make up the loss on account of non payment.
Nominal GDP is described as GDP that has no longer been adjusted for actual GDP according to capita and is the key statistic used to tune economic increase.
GDP in line with capita is the sum of gross cost brought by using all resident manufacturers within the economy plus any product taxes (fewer subsidies) not blanketed within the valuation of output, divided by means of mid-12 months population. growth is calculated from steady price GDP facts in nearby currency.
As an end result, higher GDP according to capita is frequently associated with superb effects in a wide range of areas along with better fitness, more training, or even more life satisfaction.
GDP per capita is primarily based on purchasing energy parity (PPP). PPP GDP is gross domestic product converted to worldwide dollars using shopping strength parity charges. An international dollar has equal buying power over GDP as the U.S. dollar has in the united states.
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Answer:
This is a form of artificial monopoly.
Explanation:
In artificial monopoly a large firm exists with smaller firms in the same market. The large firm does not have a comparative advantage in production efficiency bit still drives the competition out of business.
Large firms use restrictive measures that prevents new form from entering the market. The other type of monopoly is the natural monopoly.
Having exclusive rights to open a MacDonald's in the Carribean where you can construct as many locations as you want is called artificial monopoly. The firm has successfully barred other firms from opening a MacDonald's in the Carribean.
Answer:
C
Explanation:
FDIC gives insurance to depositors. it promises to pay back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.
Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.
Answer:
a. Counterclaim
Explanation:
Counterclaim is a claim by a defendant (the person be sued) against the plaintiff (the person who sues first).
Lyn is the plaintiff, who first sued Karl (the defendant). Karl's claim against the original plaintiff (Lyn) is an example of a counterclaim.
Another example is counterclaim by the city of Sandy Springs against Holder Construction Group, the company that built the city of Sandy Springs’ new City Springs complex.
Holder Construction Group earlier sued Sandy Springs city over disagreements on payments for the work.
The city filed a counterclaim to a superior Court, claiming that Holder Group should be denied payments until all work is done and for breach of contract, negligent construction and fraud.
