Which best describes the economic impact of defaulting on bank loans?

2 answers:

7 0

The banking industry has been of much importance in an economic system because it provides financial sustenance to the consumers through bank loans. However, if these bank loans get defaulted, "<span>the economy suffers because banks have less money to loan to others."</span>

loris [4]3 years ago

6 0

The banking industry has been of much importance in an economic system because it provides financial sustenance to the consumers through bank loans. However, if these bank loans get defaulted, "the economy suffers because banks have less money to loan to others."

You might be interested in

62 POINTS Why are some citizens and leaders reluctant to take in refugees from predominantly Muslim countries? IN writing.

4vir4ik [10]

Answer:

racism

Explanation:

there racist islamaphobes :)

hope this helped

6 0

3 years ago

Read 2 more answers

Hi What was de Villiers's only reason for fighting the British, besides being attacked?

cupoosta [38]

The confrontation at Fort Necessity in the summer of 1754 was the prelude to the war fought by England and France for control of the North American continent. ... The action at Fort Necessity was also the first major event in the military career of George Washington. It was the only time he ever surrendered to an enemy.

Hope this helps

5 0

3 years ago

Which is true of women’s roles on the colonial western frontier?

arsen [322]

D. The line between women's and men's work blurred as they helped each other do essential work.

6 0

3 years ago

Let’s say you are writing a summary of the article which is not important to put in the summary

tatuchka [14]

Explanation:

Generally, if you are just summarizing a single article and you have provided the name of the author and title of the article in the first sentence, you do not need to add any additional citations. However, be sure to follow your instructor's directions.

4 0

2 years ago

Plzzzzzzzz help for a brianley

nikklg [1K]

First option, henry ll

8 0

3 years ago

Read 2 more answers