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Rufina [12.5K]
3 years ago
9

How would farmers help their neighbors keep their homes when they could not repay their bank loans

Social Studies
1 answer:
kow [346]3 years ago
3 0

Answer:

The correct answer is, Farmers made sure that the highest bids that the bank received when auctioning their homes were pennies.

Explanation:

When people mortgage their properties or precious materials to banks, in order to get loans, and are unable to pay the loans, then banks sell their properties or precious materials to get their money back. They usually sell the mortgage at a good price to have their loans recovered. So farmers made sure that the people who came for auctioning of the houses offer pennies, so that banks won't sell the homes at so low price. In this way, farmers could help their neighbors keep their homes.  

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Affect heuristic is the phenomenon in which people decide by applying short cuts. The decision of a person influenced by their current emotions. When a person affects emotionally and psychologically it affects their decision making.

Emotions affect all decide whether it small or big does not matter. At last, individuals know that when he should try for new things and decisions. The person can make a decision when the mood is happy. The heuristic is a psychologically, mentally shortcut to take the decision quickly. This is only the way when you feel that your decision is influenced by your emotions.  

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