Answer:
Making sure everyone is doing the work
Explanation:
The correct answer to this open question is the following.
An IMF official going to a country whose export earnings are not able to pay for imports. The government has requested a loan from the IMF. The area that I would recommend the government to cut would be the salaries for officials. That is not important neither a priority for the country under harsh economic conditions.
You cannot cut education, because that is a priority for the young people. Food subsidies help the poor under difficult economic times. And in most underdeveloped countries happen to be the majority. Tax rebates for exporters is an incentive for exporters. The country needs to export more to overcome its deficit, so it would be a big mistake to stop those rebates.
Explanation:
Long-term financing is a common need when you want to make large purchases, such as with a home, car or boat. You may also get a home equity loan or personal loan to cover education, home renovation or business start-up costs. You need to understand the advantages that come with the ability to repay these borrowed funds through installments over a long period of time.
Low Monthly Payments
The monthly payments on long-term financing are usually low. If you borrow $100,000 to buy a house at a 5 percent fixed interest rate with a 30-year repayment period, your monthly payment of principal and interest is $536.82. These small monthly installments improve your ability to budget effectively for other monthly expenses, including utilities, groceries, clothes and kids' needs.
Interest Benefits
Interest rates on long-term building or asset loans are usually low when you secure the loan with the asset. The low cost of borrowing adds justification to the financial benefits of repaying the debt in small installments over time. A home equity loan with a 10 to 15 year repayment period typically offers a better interest rate than credit cards or personal loans with shorter repayment periods. Additionally, the interest on mortgages and home equity financing is usually tax deductible. According to "Kiplinger" many homeowners are actually better off taking a 30-year mortgage at a slightly higher interest rate than a 15 to 20 mortgage largely because of the tax deductions.
Answer:
ad populum (bandwagon Fallacy)
Explanation:
In an argument the use of faulty reasoning or something invalid to make a case is called a fallacy.
The statement here describes the ad populum or bandwagon fallacy.
The belief of the common masses in argument is used to make a statement. If the masses believe in something then that fact must be true even if the thing they believe in is factually wrong, is the definition of the bandwagon fallacy.
