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marysya [2.9K]
3 years ago
15

What impact might an economic downturn have on a borrower’s fixed-rate mortgage?

Business
2 answers:
Alik [6]3 years ago
9 0

Correct Answer is Option C - It has no impact because a fixed-rate mortgage cannot change.


Economic Downturn is the general slowdown in the economy over the period of time. During economic downturn, there is less demand for money and as a result there is fall in the price of credit. But in case of fixed rate mortgage the rate is always fixed irrespective of the economic scenario.


So, economic downturn has no impact on borrowers fixed rate mortgage because a fixed-rate mortgage cannot change.

rosijanka [135]3 years ago
7 0

Answer: C

Explanation: trust;)

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Max has a written agency agreement with Rufus in which Max will receive all of the listings in the subdivision that Rufus purcha
disa [49]

Answer: It's still in place because it doesn't terminate on the death or incompetence of the principal.

Explanation:

Agreement that exists between people are usually standing so long both parties are still alive, in most cases, the agreement may still stand with the death of one party, depending on what was written or agreed upon by both parties. The agreement between Maxwell and Rufus is still in place because it doesn't terminate on the death or incompetence of the principal.

The agreement would even stand even if one of the party ain't alive anymore.

6 0
3 years ago
Almost half the private-sector jobs in this country come from small businesses? True or False?
Katyanochek1 [597]

Yes, it’s true that Almost half the private-sector jobs in this country come from small businesses. Although the Small businesses have a low number of employers in the private sector, they contribute around 50% of the employment in the private sector. Further, these small businesses are also cresting about two third of new jobs in the private sector.    


Hence the answer is<u> True</u>.


4 0
3 years ago
Which of the following is income that includes all changes in stockholders' equity during a period except those resulting from i
natulia [17]

Answer:

c. Comprehensive income.

Explanation:

According to my research on different investment strategies, I can say that based on the information provided within the question the term being described is called Comprehensive Income. Like mentioned in the question this type of income includes all changes in equity during a period except those resulting from investments by owners of the stocks and distributions to those owners (dividends).

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
When other factors such as health and illiteracy rates are added to global comparisons of GDP and population, which of the follo
Andru [333]

Answer:

The answer is B. very wide differences in the standard of living

Explanation:

Economists use Gross Domestic Product (GDP) which is the final value of all goods and services produced within a country during a given period of time, usually a year as the ultimate yardstick for measuring and ranking countries' wealth, standard of living and/or illiteracy level.

And GDP per capita measures a country's economic output per person. It is by dividing the GDP of a country by its total population. Countries with the highest value are known to have a high standard of living, better health care and high literacy level and vice-versa.

5 0
4 years ago
If the consumption function is defined as C = 5,500 + 0.9Y, what is the
Nimfa-mama [501]

Answer:

Option B ($5,500) is the appropriate choice.

Explanation:

The given expression is:

⇒  C = 5,500 + 0.9Y

At the zero (0) level of income, the consumption would be the Autonomous consumption.

then,

Y = 0

On substituting the value of "Y" in the given expression, we get

⇒  C=5,500+0.9(0)

⇒      =5,500+0

⇒      =5,500 (%)

8 0
3 years ago
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