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VARVARA [1.3K]
3 years ago
8

"A registered representative has a long-term client who works in a bank. The representative tells the client that he wants to bu

y a new house and has started to look for a mortgage. The client informs the representative that because of their relationship, she can get the representative a better mortgage interest rate than is available to the general public. Which statement is true about this?
Business
1 answer:
nirvana33 [79]3 years ago
7 0

Answer:

None

Explanation:

Before a bank decides on which interest rate placed on loans given to customers, it will have to be a general agreement between the board of directors in an Annual General Meeting (A.G.M). Or else stated otherwise which is quite rare, interest rates on loans and mortgages are based on a simultaneous agreement. When an interest rate is to be decided for a certain customer, his or her credit scores are evaluated to ascertain the loanee's ability to pay back the loan. When a loanee's credit scores are low, he or she tends to receive a high interest rate on loans and mortgages while when a loanee's credit scores are high, he or she tends to receive a low interest rate on loans and mortgages.

On the case of the client who works in a bank granting the registered representative a mortgage with lower interest rates, this cannot be possible because: first, the client's position in the bank was not clarified and secondly, the registered representative's credit scores will be the evaluation report used by the bank to grant that.

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4 years ago
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3 years ago
Statement Price Control Binding or Not The government prohibits donut shops from selling donuts for more than $1.80 each.Price c
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5 0
3 years ago
Use the information to calculate the GDP deflator for both years and the inflation rate. The base year is 1970. Assume that ther
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Answer: 107.97

Explanation:

Nominal GDP for 1975 = 1975 quantity × 1975 prices

                                     = (21 × 0.50) +  ( 11 × 10.5 ) + ( 1 × 130 )

                                     = 10.5 + 115.5 + 130

                                     = 256.0

Real GDP for 1975 = 1975 quantity × 1970 prices

                               = (21 × 0.10) +  ( 11 × 15 ) + ( 1 × 70 )

                               = 237.1

GDP\ delator=\frac{Nominal\ GDP}{Real\ GDP}\times100

GDP\ delator=\frac{256.0}{237.1}\times100

                            = 1.079 × 100

                            = 107.97

7 0
3 years ago
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