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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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Classify each of the following based on the macroeconomic definitions of saving and investment:1. Saving Investment Kyoko borrow
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Answer

The classification is shown below:

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So the classification is presented below:

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3 years ago
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Managerial economics can be applied to the non-profit organizations too. Justify this statement?
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Managerial economics can be applied to the non-profit organizations too because it help them in organizing, and controlling their resources.

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<h3>What is Managerial economics?</h3>

Managerial economics is an area of economics that is used for staffing, as well as controlling the resources of the organization.

With Managerial economics , one can carry out:

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In this case, Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.

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4 0
3 years ago
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