Answer:1)Collateral:This is an asset a lender or accepts from a borrower as a security for a loan, incase the borrower does not pay back the lender can take the collateral.
2)Repayment schedules:This is a document that contains the specific terms of a borrower's loan such as monthly payment,interest dates due dates e.t.c.
3)Annual percentage rate(APR):This is the interest rate for a whole year.It is an interest charged to borrower's and paid to investors.
4)Difference between secured loan and unsecured loan:A secured loan is a loan that is connected or protected with a piece of collateral while an unsecured loan is a loan that is not protected with any collateral.
5)Rights when using credit cards:The right to ask for a credit report,The right to have inaccurate information removed or corrected,The right to accurate billing statements,The right to advance notice for any changes.
Explanation:
Answer:
Franklin began his list of virtues with temperance because it was the virtue that would develop the self-discipline necessary to adhere to the other 12 virtues. Temperance calls for a man to avoid overindulgence in food or drink.J
Answer: Major trading cities grew along and near waterways.
Explanation:
As trade increased between the eastern world and the western world during the renaissance, certain cities in Italy became major centres of trade and so were able to grow to nation state levels.
These cities such as Venice and Genoa were mostly built along or near waterways and as such, saw goods come into their ports and then people from all over Europe would come to these ports to trade thereby increasing their influence and size.
Somalia
Queen Hatshepsut sent ships for myrrh in Punt, and extended Egyptian trade into modern-day Somalia and the Mediterranean.
Answer:
b. They are both social institutions
Explanation:
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