Answer:
D. Student loan repayments will not cost as much in real dollars
Explanation:
Inflation refers to the general increase in price of goods and decrease in the purchasing power of money. During inflation, the value of money usually fall, that is because for instance, what $100 can buy before inflation, $100 will not be able to buy it again during inflation. Thus, the student loan that was given to Shawn was of more value than the money he will repay during the inflation.
Answer:
30%
Explanation:
Credit utilization can be regarded as the percentage of the total credit that individual is utilizing. It's financially advisable to keep the credit utilization ratio in order to have a good credit score.
To calculate credit utilization rate;
✓ one need to know the information about one credit account.
/✓Then divide the total balance by the total credit limit
✓then multiply by 100
For instance if the total balance is $5000 and total credit limit is $25000 then the credit utilization ratio is ($5000/$25000)×100%
= 20%
Whenever the credit utilization ratio is
higher than 30% it will bring about the decrease of credit score, as a result of this , the lender can be worried because he/she may think the ratio is overextended, and paying back new debt might not be easy.
Therefore, with general rule of thumb is to keep your credit utilization rate at 30% or lower. your approximate credit utilization rate for this current billing cycle is 30%
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It’s number ,c hope this helps
