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
mario62 [17]
3 years ago
7

hums 202 Which of the following describes a consumer installment loan? A. A loan you get based on the tax refund that you expect

to receive. B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years. C. A loan where you have to promise to give the bank your assets if you do not repay the loan. D. A loan for consumer goods where you own the item(s) at the end of the payment period.
Business
1 answer:
umka2103 [35]3 years ago
6 0

Answer:

B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years.

C. A loan where you have to promise to give the bank your assets if you do not repay the loan.

Explanation:

A Consumer installment loan is also known as a closed end credit. It is a form of loan whereby the consumers are expected to pay back in a regular manner usually monthly over a period of time which could span between one to  about forty years.

The loan is given based on how credit worthy the consumer is. Failure to pay back the loan after the stipulated time frame would result to the seizure of the consumer's property or assets by the lending institution. The lending institution could be a bank. A mortgage loan, and a car loan are examples of consumer installment loans.

You might be interested in
When a firm is given monopoly power, it loses its freedom of contract, and a governmental body is given the power to determine t
Pani-rosa [81]

Answer:

The government agency is providing basic and/or essential services that further deepen the interests of members of the public

Explanation:

The assertion that a firm with a monopoly power loses it freedom of contract is very true. Monopolies by its realities come with features that ultimately cater for the interests of the firm, instead of the consumers. One of these is charging an astronomical high price on a particular item of commodity, and not taking cognizance of the purchasing power of the public. A firm could to this, and ultimately get away because its the only delivering such services - the one with the enormous monopoly power. Here, there is no stiff competition among goods that may offer liberty of choices to ordinary consumers.

To mitigate these numerous power of monopolies, governmental body has been giving the power to regulate and maintain an oversight functions. They now determine the provisions of contracts. The main objective of government agency, thus, is to ensure a firm with a monopoly power considers the basic and essential interests of the members of the public - the end users. Here, members of the public are insulated from unnecesary exploitation by the monopolies.

7 0
3 years ago
Trevor Williams’ bank calculates interest daily. At an APR of 3%, how much simple interest does $2,000 earn in twelve days?
pishuonlain [190]
The answer is $1.97. 

6 0
3 years ago
Read 2 more answers
Mary wants to create a brochure for her new canoe rental business. What type of application software should she use?
xeze [42]
C publishing software
7 0
3 years ago
Read 2 more answers
Which (if any) of the following scenarios is the result of a natural monopoly? Instructions: You may select more than one answer
zheka24 [161]

Answer:

There is one train operator with service from Baltimore to Philadelphia

Explanation:

A natural monopoly occurs when there is high fixed or start-up costs of conducting a business in a specific industry meaning a sole producer provides the good efficiently.

3 0
3 years ago
Robin has moved to a new town during her sophomore year in high school. In order to find a new group of friends, she joins the s
ira [324]

Answer:

Letter d is correct. <u>Coping behavior.</u>

Explanation:

The most suitable alternative to the question is the letter d.

Coping behavior can be defined as behavioral and cognitive efforts that an individual exerts to manage some issues that can be internal or external. This type of behavior is used when it is necessary to deal with great changes.

Therefore coping behavior is a process that an individual finds to manage stressful situations that can cause some type of anxiety.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Gerry, one of your subordinates, seems to care so much about being liked that he rarely states strong opinions in meetings of yo
    12·1 answer
  • Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing
    8·1 answer
  • IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,0
    6·1 answer
  • In ___, a committee or group of people often make the buying decision and consider the organization's objectives, purchasing pol
    6·1 answer
  • Kirk wants to attend a four-year college. Which cost factors does Kirk need to research for the out-of-state school he wants to
    10·2 answers
  • I have a brainlest for anybody if the can tell me who won the wwe champoinship in 1996
    12·1 answer
  • A $72 NSF check was returned from Mr. Smith, a company client. On a bank reconciliation, this would be shows as a(n)
    6·1 answer
  • The salary at the new job is a(n). The benefits at the job are a(n). The job’s location is a(n). The potential for job satisfa
    13·1 answer
  • Help help help help help help
    13·1 answer
  • A strategy of spreading investments among different industry sectors is
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!