What does the high rate of bankruptcy suggest about the average person's understanding of personal finance?

1 answer:

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Bankruptcy is a legal rank of a person or other object that cannot reimburse debts to creditors. In here the high rate means that it is a legal process in which a court takes over approximately of the finances of an individual who is incapable to recompense his or her bills.

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Answer:

The rationality principle

Explanation:

The rationality principle was coined by Carl.R Popper in 1963. It is related to what is called the logic of the situation. According to Popper's rationality principle, agents act most inadequately according to the objective situation. It is the idealized conception by the human behavior that he used to drive his model of situational analysis. If an agent knows that one of his actions will lead to one of its goals then the agent will select that action. The principle is employed at the knowledge level to move closer to the desired goal

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Answer:

respect for persons

Explanation:

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Hence, in this case, the use of a consent form showed that this is an example of the Belmont principle of RESPECT FOR PERSONS,

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spayn [35]

Answer: Sale

Explanation:

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Other options are incorrect because acknowledgement, sign and leverage are not the terms that defines ownership getting transferred from seller to buyer for a particular amount of money.Thus, the correct option is sale.

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Answer:

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Answer:

The question above represents an example of a case.

Explanation:

The question above shows an example of a case. One case is a judicial process, where a situation of discrepancy has been established between two people, two entities, or between entities and people (as shown in the question above), where it will be necessary to review laws so that a judge can make decisions around this discrepancy, allowing the injured to be compensated.

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