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
Greeley [361]
3 years ago
12

why might a bank offer to make a loan to a consumer at a low initial rate which will increase after a set period of time?a. too

fool the customer into making an unmanageable commitmentb. too make the loan look more attractive and competitive in the long runc. too make the loan look more attractive and competitive nowd. the bank accepts making less money in the later years of the loan
Business
1 answer:
Whitepunk [10]3 years ago
8 0

I believe the answer is: c. to make the loan look more attractive and competitive now

By offering it at low initial rate, the people who borrow money would experience low burden if they plan to return the money within short period of time. This would make them much more likely to obtain a loan, and it also would make the bank that create the loan program looks better compared to their competitors.

You might be interested in
What are examples of financial obstacles to a career plan? Check all that apply. I was unable to save enough money to pay for co
Murrr4er [49]

Answer:

Explanation:

The following reasons are all examples of financial obstacles to a career plan...

  • I was unable to save enough money to pay for college.
  • The bank did not approve my loan application to fund my new company.
  • I applied for but did not receive a college scholarship.

All of these examples, make it difficult for the individual to pursue the career that they want due to a lack of finances. This includes both going to college to pursue learn and enter the job world that you want as a career as well as forming a company and entering the market that you want as a career as an entrepreneur.

6 0
3 years ago
Read 2 more answers
The amount of a good that buyers are willing and able to purchase at a given price.
inysia [295]

Answer:

Quantity demanded is the amount of a good that buyers are willing and able to purchase at a particular price. Many things determine demand, but only price can determine the quantity demanded of a specific good. If you have the money and are willing to buy 2 ice cream cones a week, at $2 per cone, the quantity demanded would be 2 cones a week. Now, what happens if the price increases to $4 a cone? If you are like most people, the quantity of ice cream cones you demand will decrease as the price rises. In this case, assume your quantity demanded is now only 1 cone a week, which is what you are willing and able to buy. Notice that as the price of the cones increases, the quantity of ice cream cones demanded decreases. This means quantity demanded is negatively related to price-which means they have an inverse relationship. Economists refer to this relationship as the law of demand. The law of demand states that, other things being equal, when the price of a good rises, the quantity demanded of that good falls. The reverse is also true-when the price of a good falls, the quantity demanded of that good rises. The combination of the quantities people are willing and able to buy of a good or service at various prices constitutes a demand schedule. When the demand schedule is graphed, the demand curve is downward sloping.

7 0
2 years ago
Suppose the inflation premium is 2 percent and the nominal interest rate is 1 percent. Instructions: In part a, enter your answe
forsale [732]

Answer:

1% negative

Explanation:

<u>a. What is the real interest rate?</u>

the inflation premium is an added value to the real interest rate to cover the effect of inflation and be more attractive to potential investor:

real interest rate + inflation premium = nominal interest rate

real interest rate + 2% = 1%

we clear real interest:

real interes rate = 1% - 2% = -1%

The real interest is 1% negative

8 0
3 years ago
What are examples of criteria used in conditional formatting? Check all that apply. less than equal to added to divided by great
natima [27]

Answer:

  • Less than
  • Equal to
  • Greater than

Explanation:

Considering the listed options, the criteria used in conditional formatting are Less than, Equal to and Greater than

To make use of conditional formatting, follow the highlighted steps

1. Highlight cells that you want to format

2. Goto Home tab -> Styles -> then select Conditional Format

3. Select Highlight Cells Rules

4. Select the format type (this is where you get to pick either of greater than, equal to less than, etc.)

5. Enter the format value and how it is to be formatted

6. Press OK

3 0
2 years ago
_____ is work done to keep equipment in good working order. Defragmentation Preventive maintenance Virus protection A maintenanc
Ludmilka [50]

Hello Boss!

Defragmentation Preventive maintenance

Hope this helped

8 0
3 years ago
Other questions:
  • Assume that one year ago, you bought 130 shares of a mutual fund for $27 per share, you received an income distribution of $0.12
    12·1 answer
  • Accounting profits are typically
    13·1 answer
  • Why do the us government intervene in the economy during the finanacial crisis in 2008
    15·1 answer
  • Lilly's team had trouble keeping up with all the changes being made to the
    15·2 answers
  • On March 1, Wright Company purchased new equipment for $58,500 by paying cash. Other costs associated with the equipment were: t
    9·1 answer
  • Whole foods differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. this
    11·1 answer
  • Different classes of stocks are usually issued in order to Group of answer choices maintain ownership control, by holding the cl
    13·1 answer
  • A purchase of supplies on account is recorded in the a.revenue journal b.general journal c.cash payments journal d.purchases jou
    12·1 answer
  • When gathering information, which of the following tasks might you need to
    8·1 answer
  • Using money prices to compare relative values of goods and services represents money functioning as a?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!