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Airida [17]
2 years ago
8

Describe the differences and similarities surrounding the circumstances that caused the financial crisis during the 1980s and th

e crisis of 2007.
Business
2 answers:
erica [24]2 years ago
7 0

Answer:

The financial crisis that began in the 1980s was the result of lax government regulations and management fraud that led to the closure of more than 1,000 savings and loans. The 2007 crisis was the result of risky mortgage loans and investments connected with those loans. In each case, the situation resulted in borrowers’ inability to pay back loans and caused many to lose their homes due to foreclosure.

Explanation:

Lerok [7]2 years ago
3 0

Answer:

The financial crisis that began in the 1980s was the result of lax government regulations and management fraud that led to the closure of more than 1,000 savings and loans. The 2007 crisis was the result of risky mortgage loans and investments connected with those loans. In each case the situation resulted in borrowers’ inability to pay back loans and caused many to lose their homes due to foreclosure.

Explanation: Took the practice test on edge and this was the sample response. ^-^

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House Loan. Suppose you take out a home mortgage for $180,000 at a monthly interest rate of 0.5%. If you make payments of $1000/
zzz [600]

Answer:

It will be after 462 months

Explanation:

We use the annuity formula for present value

C * \frac{1-(1+r)^{-time} }{rate} = PV\\

We post our know values and start solving for time:

1000 * \frac{1-(1+0.005)^{-time} }{0.005} = 180,000

First we clear the dividend:

1-(1+0.005)^{-time} = 180,000/1000\times 0.005

Then we clear for the power

(1.005)^{-time} = 1-0.9

We set up the formula using logarithmic

log_{1.005}\: 0.1 = -time

And use logarithmic properties to solve for time:

\frac{log\:0.1}{log\:1.005} = -time

-461.6673541 = -time

time 462 months

7 0
3 years ago
The kraft heinz company mainly uses _______ for its mix of products.
Bess [88]

The Kraft Heinz company mainly uses "Individual Branding'" for its mix of products.

This is because Individual Branding is a form of Branding strategy whereby a single firm uses different brand names for their newly created products.

These new brand names are designed or coined so that they are not related to the names of existing brands offered by the same company.

In this case, Kraft Heinz company mainly has multiple products with different brand names such as Capri Sun, Velveeta, Jell-O, Planters, Ore-Ida, Oscar Mayer, Maxwell House, etc.

Hence, in this case, it is concluded that Individual branding is one of the strategies for expanding products markets.

Learn more here: brainly.com/question/19623459

7 0
2 years ago
Suppose nominal GDP in the base year was $380 million. Five years later, nominal GDP was $480 billion and the GDP price index wa
Ostrovityanka [42]

Answer: increased by $20 billion

Explanation:

Real GDP is year of interest is:

= (Nominal GDP in year of interest/ GDP Price index in year of interest) * 100

= 480/120 * 100

= $400 billion

Nominal GDP is equal to Real GDP in base year so increase in real GDP is:

= 400 - 380

= $20 billion

6 0
3 years ago
How much of the following is taxable? a. Cheline, an actress, received a $6,400 gift bag for attending the Academy Awards Ceremo
Bingel [31]

Answer:

A. $6,400

B. $240

C. $1,000,000

D. $30,000

Explanation:

Requirement A, C, and D:

Prizes and awards are taxable income for a taxpayer. Any awards or prizes won from the lottery or television should be added to the income. Therefore, the Winning lottery is a taxable income for Kerry, $1,000,000. Again, Receiving the award for scientific research is also taxable income for Deborah, $30,000.

The winning award for accomplishments is also a taxable income. So, receiving a $6,400 worth gift bag is a taxable income for Cheline.

Requirement B:

There is an exception if the award is for tangible property and a long-years of accomplishment. At that time, the taxpayers will be excluded from some part of the necessary amounts to be paid as tax. If it is not a qualified award, the exclusion will be $400. If it is qualified, the tax exclusion is 1,600. Since Jon received a gold watch for 25 years of service and the gift is not qualified, he has to pay tax for $(660 - 400) = $240.

6 0
3 years ago
Economics indicators measures rather than activitys
ratelena [41]

Answer:ok24

Explanation:kkgotit

3 0
2 years ago
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