All categories

2 years ago

1. In. Your own words What is Credit?

2 answers:

7 0

Answer: 1to sum it up credit is basically the ability to borrow money or access goods or services with the understanding that you'll pay later.

2Your credit score is important for a few reasons. First, it influences your chances of getting approved for a loan or credit card. This is particularly important if you want to purchase a home in the future because your score will influence your mortgage eligibility.

3 It raises the price of your bills.

It could keep you from getting the home you want.

It affects the interest rate on your mortgage.

It could influence your relationships.

It determines whether your loan gets approved.

It changes the way you pay for things.

It could keep you from getting hired.

Explanation:

weeeeeb [17]2 years ago

3 0

Answer:

1.A credit score is a numerical term that represents a person's creditworthiness centered on a level review of their credit files. The credit score is primarily based on a credit report, which is usually obtained from credit bureaus.

2.Your financial history can affect how easily you can get a mortgage, rent an apartment; make big-ticket purchases; take out loans, and in some industries even get hired. When you apply for a credit card or even a cable hookup, lenders check your credit rating.

You might be interested in

Other things the same, an increase in the U.S. interest rate causes U.S. net capital outflow to a. rise, so supply in the market

Aleksandr [31]

Answer:

b. rise, so demand in the market for foreign-currency exchange shifts right.

Explanation:

An increase in the interest rates leads to a rise in the capital outflow as savings and investment lead to more net capital outflow.

This is the movement of the assets on the company and is considered to be bad for the economy and leads to undesirable changes in the supply of the foreign currency as a shift in the demands of the consumers. This may result in political and economic instability.

8 0

3 years ago

If the absolute value of the price elasticity of demand is greater than 1:

FrozenT [24]

Answer:

b. small percentage changes in the price will lead to much larger percentage changes in the quantity demanded.

Explanation:

Price elasticity of demand is a measure of how responsive is quantity demanded to change in price. Its formula is given by:

$E_{D}$ = $\frac{dQ}{Q}{\frac{P}{dP} =$

= % Change in Quantity Demanded / % Change in Price

So when absolute value $E_{D}$ is greater than 1, a x percentage change in price will lead to larger than x percentage change in quantity demanded.

Note: Whether the percentage change in quantity demanded will be just a little or very much larger than percentage change in price will depend on how much $E_{D}$ is larger than 1. But b is the still the best answer among the options.

7 0

3 years ago

Horatio has taken out a $12,450 unsubsidized Stafford loan to pay for his four-year undergraduate education. The loan has an int

abruzzese [7]

Answer:

Explanation:

We solve by first, getting the quota Horatio pays on his loan:

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

PV 12,450

time: 10 yearss x 12 months per year = 120

monthly rate: 7.3% / 12 = 0.006083333

$12450 \div \frac{1-(1+0.006083333)^{-120} }{0.006083333} = C\\$

C $ 146.487

Now, we miltiply the quota by the quantity of payment ans subtract the principal to get the amount of interest paid:

quota times quantity of monthly payment: total amount paid

less principal: interest paid.

146.49 x 120 - 12,450 = 5,128,80

4 0

3 years ago

The price of a complementary good changes. __________ Demand shifts Movement along demand Incomes in the economy change; the go

ad-work [718]

NOTE: Your question isn't clear, Johnson. Would you mind checking it and writing it in a way you can be better helped?

Meanwhile, I hope these explanation below helps.

Answer and Explanation:

Two goods are said to be complementary goods if an increase in the price of a particular one leads to a commensurate decrease in the demand that buyers placed for the other one.

A good is said to be a normal good if the reason for an increase in demand is due to an increase in the income of the buyers.

A good is said to be an inferior good if there is a decrease in demand even though the buyers have experienced increase in their income.

4 0

2 years ago

Major activities of the Planning Section include:

FrozenT [24]

Answer:

Major activities of the Planning Section include: D) Preparing and documenting Incident Action Plans.

Explanation:

The Planning section is responsible for various activities carried out in Incident Command System or ICS. ICS is used to respond to emergencies in the United States. The activities that befall under this section are mostly related to plannings.

These activities are: collecting and evaluating information, preparing and maintaining documents of incidents, etc. Preparing and maintaining the incident documents is an essential task and requires accuracy in representing the facts and figures. Hence, we can say that D is the only activity in the planning section of the ICS.

6 0

2 years ago