All categories

3 years ago

What is universal default?

Business

1 answer:

nikitadnepr [17]3 years ago

6 0

Answer:

Universal default is the term for a practice in the financial services industry in the United States for a particular lender to change the terms of a loan from the normal terms to the default terms (i.e. the terms and rates given to those who have missed payments on a loan) when that lender is informed that their customer has defaulted with another lender, even though the customer has not defaulted with the first lender.

mark me as brainly

You might be interested in

Question 9 (1 point) The consumption functions shows a Question 9 options: negative relationship between consumption and disposa

evablogger [386]

Answer:

positive relationship between consumption and disposable income

Explanation:

The consumption function shows the relationship between consumer spending and disposable income.

the formula used to calculate consumption function is:

C = A + MY

C = consumer spending
A = autonomous spending
M = MPC or marginal propensity to consume
Y = disposable income

The consumption function has a upward slope since the relationship between consumer spending and disposable income is always positive, i.e. the more disposable income you have, the more you will consume.

4 0

3 years ago

Assume the reserve requirement is 10%. First National Bank received a deposit of $5,400. If there no slippage, how much could th

natta225 [31]

Reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains uncharged.

4 0

3 years ago

Comparing a static planning budget to actual costs is not a good way to assess whether variable costs are under control. T/F

pav-90 [236]

Answer: False

Explanation: Static budget refers to that budget which is made for the upcoming period. A static budget incorporates anticipated values of inputs and outputs in it. It does sometimes assumes extreme business environment conditions.

Therefore, it is not feasible to compare the actual budget with the static plan as there is a high chance that both will differ by a high amount.

Hence, the given statement is false.

3 0

2 years ago

Which of the following is needed to apply for a checking account? A. Report card B. PIN number C. Photo ID D. Birth certificate

ivann1987 [24]

photo identification

Explanation:

5 0

2 years ago

Read 2 more answers

Based on the following data, determine the cost of merchandise sold for October. Merchandise Inventory, October 1 $ 98,560 Merch

bagirrra123 [75]

Answer:

$414,070

Explanation:

Calculation to determine the cost of merchandise sold for October

Merchandise inventory, october 1 $ 98,560

Add: Purchases $433,880

Add: Transportation in $7,620

Less: Purchase return and allowances $12,760

Less: Purchase discount $9,900

Less: Merchandise inventory, october 31 $102,330

Cost of merchandise sold $414,070

Therefore the cost of merchandise sold for October will be $414,070

4 0

2 years ago