1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zepler [3.9K]
3 years ago
15

Peter, who is 30 years old and has a job, wants to pay for his car with a loan. What is true?

Social Studies
1 answer:
damaskus [11]3 years ago
7 0

Answer:

B. The vehicle is the collateral of this secured loan.

Explanation:

When collecting a loan, there is always the option of giving a collateral for the loan in case there is a default in payment.

Therefore, Peter who has a job and wants to collect a loan to pay for his car is already putting the car as a collateral for the loan. If he defaults on payment, then his car will be repossessed.

You might be interested in
Katie considers the alternatives that will be lost if she decides to spend her savings on buying a car. What is the economic ter
Mazyrski [523]

The economic term is the opportunity cost.

The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.

In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.

All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.

6 0
3 years ago
Read 2 more answers
Explain why Muhammad is important in Islam. [8] I would like 3 simple paragrphs explaining this if you want branliest.
dmitriy555 [2]

AnswerThe rise of Islam is intrinsically linked with the Prophet Muhammad, believed by Muslims to be the last in a long line of prophets that includes Moses and Jesus. Because Muhammad was the chosen recipient and messenger of the word of God through the divine revelations, Muslims from all walks of life strive to follow his example. After the holy Qur'an, the sayings of the Prophet (hadith) and descriptions of his way of life (sunna) are the most important Muslim texts

4 0
4 years ago
Read 2 more answers
The unemployment rate will rise when:
Ivahew [28]

Answer:

Explanation:

Thousands of bus and truck drivers permanently lose their jobs when driverless, computer-driven vehicles make human drivers redundant. d. Hundreds of New York legal jobs permanently disappear when a lot of legal work gets outsourced to lawyers in India.

6 0
3 years ago
The way the total number of people is spread out over an area is the _____.
natka813 [3]

Answer:

3- population distribution

Explanation:

population is the total amount of people in an area, and if it's spread out, it would be distribution.

add the definitions up, and it's population distribution! :D

4 0
3 years ago
Read 2 more answers
What was the year the cold war ended?
diamong [38]

Answer:

The Cold War ended in 1991 when the USSR collapsed.

5 0
3 years ago
Other questions:
  • WILL GIVE BRAINLIEST IF RIGHT ANSWER!!!!! In the case of Worcester vs. Georgia, the Supreme Court ruled that the Cherokee, led b
    11·2 answers
  • A man from a foreign country obtained a doctorate in political science from a state university and applied to teach there. The m
    9·1 answer
  • PLEASEEEE answer I'm begging!!!
    7·1 answer
  • most southern whites were small farmers who owned there land and perhaps one or to slaves. True or false
    13·1 answer
  • I need help these are cause and effect questions. Answer the part where the question marks are (aka the effect parts pls). Thank
    10·1 answer
  • Which of the following statements about Iraq’s people and culture is NOT true?
    6·1 answer
  • Steve, a 68-year-old man, quit his medical practice two years ago when he realized his work schedule was taking a toll on his he
    7·1 answer
  • In ________ a specific consequence follows each and every occurrence of a desired behavior. Group of answer choices continuous r
    14·1 answer
  • Compare between literate and illiterate individuals in four points.​
    14·2 answers
  • As a forensic investigator, you should develop __________, which covers how you will gather evidence and which tools are most ap
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!