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marysya [2.9K]
2 years ago
15

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

Business
2 answers:
Alik [6]2 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]2 years ago
7 0

Answer: C

Explanation: trust;)

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Which of the following is a reason the government can't completely control the business cycle?
barxatty [35]

Answer: B

The government cannot control interest rates and that is the reason is why the government cannot completely control the business cycle. This is so because interest rate controls the rate of consumer spending, borrowing and spending. Say interest is low, people will borrow more and spend more and this will have an impact in the rate of employment. Hence, in short if the government cannot control interest rate, everything depending on it, the economic cycle cannot be determined.  


8 0
3 years ago
Read 2 more answers
A car dealer who sells only late-model luxury cars recently hired a new salesman and believes that this salesman is selling at l
Natasha2012 [34]

Answer:

t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3      

Explanation:

Data given and notation      

\bar X=5000 represent the sample mean      

s=800 represent the standard deviation for the sample      

n=16 sample size      

\mu_o =5600 represent the value that we want to test    

\alpha represent the significance level for the hypothesis test.    

t would represent the statistic (variable of interest)      

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.      

We need to conduct a hypothesis in order to determine if the mean is lower than 5600, the system of hypothesis would be:      

Null hypothesis:\mu \geq 5600      

Alternative hypothesis:\mu < 5600      

We don't know the population deviation, so for this case is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:      

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}} (1)      

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic      

We can replace in formula (1) the info given like this:      

t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3      

4 0
3 years ago
Testbank Multiple Choice Question 100 Bramble Corp. purchased machinery on January 2, 2015, for $880000. The straight-line metho
ValentinkaMS [17]

Answer:

33,585.71

Explanation:

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3 years ago
Agent joh rogers is planning a formal marketing/sales event and has decided to place an adbertisment in the locla paper. what di
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If Agent John Rogers has decided to run an ad in the neighborhood paper in advertisement with a formal marketing/sales event. Then he must specify that attendees without enrollment obligations may contact 555-555-1234 TTY to request accommodations for those with special needs at sales sessions.

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The most significant source of revenue for the media outlets through which it is carried out is often advertising (such as newspapers, magazines, or television stations). Advertising has grown to be a significant and significant service industry in the noncommunist world.

Learn more about advertisement here

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7 0
1 year ago
Waupaca Company establishes a $400 petty cash fund on September 9. On September 30, the fund shows $122 in cash along with recei
Lemur [1.5K]

Answer and Explanation:

The Journal entry is shown below:-

September 9

Petty cash fund Dr, $400

     To Cash $400

(Being establishment of petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

September 30

Merchandise Inventory Dr, $51

Postage expense Dr, $73

Cash Short and over Dr, $13

Miscellaneous Dr, $141

      To Petty Cash $278

(Being reimburse of petty cash find is recorded)

Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.

October 1

Petty cash fund Dr, $60

($460 - $400)

     To Cash $60

(Being increase in petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

6 0
3 years ago
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