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2 years ago

Describe a real or made up but realistic example of a time when you might apply for a loan.

1 answer:

3 0

Well people apply for loans when they need money for a certain goal. Like in the movie fantastic beasts and where to find them in the first part they are at a bank. The guy in their tries to get a loan so he can start a company as an entrepreneur. He wants to be able to own his own bakery so he could make cookies cakes and several other designs. Another reason people get loans is when their business is failing. Like the macys owner in the Florida Oviedo town mall took a few loans to help start up the company and pay to own the store their. But it recently closed. Those are two examples of when people took a loan to either start or continue a buisness when money was short.

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Why would you want to limit your borrowing when making economic decisions ?

Yanka [14]

Answer:

so they can end up spending less on interest payments and credit card fees.

Explanation:

4 0

2 years ago

Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this

shtirl [24]

Answer: 19.93 minutes

Explanation:

This is the complete question

Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this garage is 15 minutes per car and the standard deviation is 2.4 minutes. The management wants to promote the business by guaranteeing a maximum waiting time for its customers. If a customer's car is not serviced within that period, the customer will receive a 50% discount on the charges. The company wants to limit this discount to at most 2% of the customers. What should the maximum guaranteed waiting time be? Assume that the times taken for oil and lube service for all cars have a normal distribution

The solution is attached below

3 0

3 years ago

If real gross domestic product (GDP) grew by 2 percent and the inflation rate was 2 percent, then nominal GDP grew by

ohaa [14]

Answer:

Explanation:

If the real gross domestic product for the year grew by 2%

The inflation rate also grew by 2%

Then nominal GDP rate can be calculated as follows

= Real GDP + inflation rate

= 2% + 2%

= 4%

Hence the nominal gross domestic product grew by 4%

6 0

2 years ago

Technician a says that a brake spoon is used to adjust brake shoes when the drum is installed. technician b says that a brake ho

kvv77 [185]

Install hold down springs the last one is correct

7 0

2 years ago

Given the law of demand, you would expect the rise in the price of gasoline to ______ the quantity of gasoline demanded and _

just olya [345]

Answer:

C. decrease; not change

Explanation:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

The rise in price of gasoline only affects the quantity demanded. Other factors affect the demand for gasoline.

I hope my answer helps you

6 0

2 years ago