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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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Developing and establishing professional contacts that can assist you in finding employment is?
butalik [34]

It is called networking.

Networking is the informal social exchange of information and ideas between people who share a profession or a common interest. Networking frequently begins with a single point of commonality.

Networking is making use of personal, commercial, academic, or family relationships to help with a job hunt, attain career objectives, learn more about your industry, or another sector in which you'd like to work. Networking might help you learn about career prospects or gain access to a firm one want to work for.

Therefore, the answer is networking.

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6 0
1 year ago
Sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. If sean charge
pochemuha

The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407)  How a monopolist maximizes profits

How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?

The monopolist will select the profit-maximizing level of output where

                                      MR = MC

and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.

How a monopolist maximizes profits

 Because Chuck, a sole commercial airplane operator in small isolated town, has no  competition, he has complete control of market price of air travel in his small tone

 Reduced price → increase in ticket sales

 Monopoly maximizes profit by choosing an amount of profit in which marginal revenue  equals marginal cost (MR= MC)  Since Chuck must reduce his price to sell more units, he has an incentive to sell a  smaller quantity than a perfective competitive company

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3 0
1 year ago
On September 3, 20X8, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The tran
AfilCa [17]

Answer:

Foreign currency transaction loss : $1000

Account payable : $1000

Explanation:

4 0
3 years ago
Which lists the Business, Management, and Administration careers in order from highest level of education typically required to
Rama09 [41]

Answer:

Operations Research Analyst, Accountant, Data Entry Clerk, Intern

Explanation:

Most employers insist that operations research analysts have a master's degree. In practice, one needs a minimum of a bachelor's degree to become an operation research analyst. Most accountants attend college have a bachelor's degree, although it's not mandatory.

Interns are mostly college students. Since they have not graduated, they should have the least educational qualification, followed by clerks.

5 0
2 years ago
Read 2 more answers
"The Federal Reserve raises the reserve requirement from 7 percent to 8 percent. Consequently banks must set aside more money an
joja [24]

Answer: a. Inflation

Explanation:

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Central Banks like the Fed can use Monetary policy to influence inflation. In this case they reduced the amount of money in the economy by reducing bank loans. This will ensure that people cannot spend too much which would increase demand and therefore increase prices.

By doing this, they have limited the likelihood of inflation.

6 0
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