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jeyben [28]
2 years ago
7

Jake takes out a payday loan of $300. In two weeks, he doesn't have the money to repay it in full. What is one way that Jake can

escape the trapping cycle of repayment?
Business
1 answer:
Law Incorporation [45]2 years ago
6 0

Answer:

Explanation:

A Dept Trap or trapping cycle of repayment is a situation in which a borrower is met with high interest rates on the loan that they have taken, and are stuck in a cycle of borrowing more in order to pay back the initial loan. The only way to actually get out of one is to pay back the owed amount in full and as fast as possible. Therefore the best way would be to get an extra job or side hustle to cover the interest and some of the cost, and pay off the loan as fast as possible.

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I believe that the answer is... increase the cost of credit purchases
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Explanation:

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3 years ago
Jim Angel holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 1.20 B $50,000 0.80 C $
Alik [6]

Answer:

Option (c) is correct.

Explanation:

Jim Angel holds a $200,000 portfolio

Weight of stock-A is as follows:

= Investment of stock A ÷ Total investment

= $50,000 ÷ $200,000

= 0.25

Therefore,

Portfolio beta:

= (0.25 × 1.20) + (0.25 × 0.80) + (0.25 × 1.00) + (0.25 × 1.20)

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Therefore, the portfolio's beta is 1.05.

7 0
2 years ago
The knowledge and skills acquired by a worker through education and experience is a description of which factor of production? p
Marta_Voda [28]

Answer:

human

Explanation:

I took the test

6 0
2 years ago
A buyer is interested in buying a home in an older neighborhood where new sidewalks have just been installed. The buyer contacts
rusak2 [61]

What this agent has to do should be to advise the buyer that there may be special assessments levied against property.

<h3>Who is a house agent?</h3>

This is a person that acts as a third party to a person that wants to buy or rent a house and the person that is giving out the property.

The agent here has to tell the buyer that the reason for these taxes is the fact that there are other levies on the property.

Read more on house agents here:brainly.com/question/13957036

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