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UNO [17]
3 years ago
11

Which is an example of credit? Select all that apply Checking account interest income morgage payments savings account student l

oan
History
1 answer:
NARA [144]3 years ago
6 0

Answer:

Student Loan

Explanation:

Credit is getting goods, services, or financial assistance - on base of deferred (later) payment settlement.

<u>Student Loan</u> is an example of credit, as they get loan (credit) money for education, which they pay back later.

Checking accounts or savings accounts are just deposits in banks, they are not examples of credit. Interest is just the income on these deposits. Mortgage payment is amount paid per time period, for paying back mortgage (principal, interest, taxes, insurance)

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<h3>Give a brief account on judicial power.</h3>

The third article of the United States Constitution establishes the establishment of the Supreme Court and other lower courts with the right to judge on and interpret the various laws passed throughout the history of the country. This authority descends from the Supreme Court through a pyramidal system of other courts, which ensures the impartiality of legal processes through an effective system of checks and balances.

These courts' three primary duties while exercising this authority are to fairly decide on issues that need a trial, to uphold the law when specific constitutional values are in question, and to correctly interpret the law to resolve conflicts. The judiciary framework, which is an organism designed to self-regulate, can effectively control the abuse of these powers. Although this seems like a fair plan, protracted legal processes are tiresome and may result in a waste of resources and time.

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