The Economy is likely to go in a worldwide crash and recession in the next fiscal year.
Explanation:
With the imminent threat of a prolonged market shutdown in the hole world the economy is likely to crash completely with no respite in any way.
The Federal Government's whole focus right now can only be saving as many lives as possible and to bail out people and companies through the tough situation they are in due to lack of work.
This means that the federal reserve has to give away a lot of money for bail out of companies and people.
The government has announced a bailout plan of 1.7 trillion dollars which is the largest in the world and is likely to involve in more such aid as the time goes on.
Answer:
Explanation:
Loans are money received from outside and its been paid back based on the agreement of the borrower.
Type
Personal loan - This loan can be received from personal bank or union. They can be used for anything as proposed by the owner. It is given based on personal income and it is been paid gradually. It ranges from a few hundred to thousand.
Payday loan - It is short term loan, a personal check is drafted to include how much is to be borrowed and how much interest will be paid. The loan is being paid immediately and the request check is kept with the lender of the money until the money is refunded. Interest are being paid once
One power granted to the federal government is the ability to declare war
