Answer:
Terms in this set (60) Which types of credit involve repaying a fixed amount for a fixed number of months? The types of credit are loans, mortgages, and overdraft.
Explanation:
<span>In the 1920's the agricultural products were at their boom. Mechanization was introduced to improve farm technology. But lack of demand brought surplus products in the hands of farmers, prices fell. Farmers became loan defaulters resulting in poor performance in rural banks. But business boomed. There were more production and purchase of machines and electrical appliances through credit system and installment purchase which resulted in bankruptcy.</span>
<span>So according to punishment should be imposed based on the degree of the injury by the offender rather than the intent of the criminal. The punishment is the avoidance and not an act of revenge and the it should prevent the people from committing the crimes.</span>
