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valina [46]
3 years ago
9

What down sides can consumer credit have?

History
1 answer:
Lesechka [4]3 years ago
3 0

Pros : It would allow people to buy now what they might not have money for immediately. If the borrowing is used to invest in generating income or building marketable skills (education) it could more than pay back what is owed.

Cons: The money must be paid back with interest. Borrowing may encourage people to buy more than they really can afford.

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Answer:

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The September 27, 2003, Toronto Star had a headline reading, "Global Economy is Shifting Focus to East Asia". The article MOST L
dmitriy555 [2]

Question: The September 27, 2003, Toronto Star had a headline reading, "Global Economy is Shifting Focus to East Asia". The article MOST LIKELY references:

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Explanation: The EU and ASEAN have a trade agreement in effect since 1980, however the EU refused to trade with Burma/Myanmar in 2003 due to the issues between human rights and that country. This trading barrier was mentioned in Toronto Star's headline reading, "Global Economy is Shifting Focus to East Asia".  

6 0
3 years ago
Read 2 more answers
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