As a student, are you saving or borrowing? Why?

Q: Describe the process of Borrowing with Credit Cards?

A: The credit card has been an important tool to increase the purchasing power. This facility has…

Q: Other than lenders, who else might use your credit score and why?

A: Credit decisions are made by lenders. Credit reporting agencies sell credit reports on their…

Q: Why should you talk to your banker before beginning to look for a home? to get a building inspector…

A: Although looking for a home can be exciting and enjoyable, serious homebuyers should begin their…

Q: What is private saving?

A: Private savings are the amount left with the household after spending money on taxes and…

Q: describe something you can do to increase your savings for retirement.

A: Retirement: It is the point of time where someone stops working.

Q: A is an example of revolving credit.

A: Credit refers to a ‘contractual agreement’ in which a borrower gets something of value now &…

Q: Give reasons which you think are the most important reasons for saving regularly.

A: Savings refer to the amount of the funds that are kept by the individuals and are not invested in…

Q: If the interest rate is 8%, how much households and firms will want to borrow?

A: The households and firms that want to borrow imply the demand for funds in the market. Thus we will…

Q: You borrow $1,000 from a bank to buy a car to use in your pizza delivery business. IS THIS AND…

A: Savings are a type of income which is kept by the consumer after paying all his expenditure. When…

Q: On what factors does The cost of a loan depend?

A: Cost of loan are the expenses brought about by the borrower for taking the advance because of the…

Q: When Projects Are Financed with Borrowed Funds?

A: The borrowed fund is a non-depository fund that is borrowed from the third party with the agreement…

Q: What are some common examples of expenses?

A: To generate revenue, the business organizes many activities. The cost of doing these activities are…

Q: What is the lower present value product?

A: The present value is the current worth of a stream of future cashflows given a certain return rate.…

Q: Why do the creditors generally charge higher interest rates on new borrowing?

A: The interest rate is the amount that the creditor charges with the principal from the borrower to…

Q: What are commercial loans?

A: Loan is a type of debt instrument in which a sum of money is borrowed by an individual or a firm…

Q: What are the potential savings?

A: Total disposable income of a person can be used for consumption and investment expenditures and for…

Q: How is the Purchasing power important?

A: Answer - Purchasing Power - Purchasing power is overall buying capacity of country which is…

Q: what are types of saving vehicles

A: Savings is the money left over after subtracting a person's consumption expenses from their…

Q: Importance of saving money

A: Money: It refers to the cash which is available to the people. Money can be used for buying goods…

Q: what does it mean when banks are paying people to get loans?

A: The financial system of the nation is considered to be one of the most prominent, and important…

Q: Write the different loan terms?

A: A loan is when one or more people, organisations, or other institutions lend money to other persons,…

Q: 2. is/are repaid in monthly payments. O Bankruptcy Credit O Installment loans IOU's

A: An installment loan is normally a one-time loan that provides amount in a lump sum. Lender…

Q: What type of professional is trained to help you save for retiremer O financial planner O auditor O…

A: A professional helps people to manage and plan the finances prudently. Such planning helps the…

Q: How could people be persuaded to start saving for retirement?

A: Retirement planning is the process of putting money aside, investing it, and then distributing it in…

Q: True or false: you can request your free credit report online, over the phone, or by mail one time…

A: Credit Report is of great importance as it provides valueable information about the credit history…

Q: How Dalio’s concept about borrowing from one’s future self might change a decision one might make…

A: Debt is when one party borrows something from another, most commonly money. Many businesses and…

Q: s and explanatio

A: The process of risk quantification by assigning numbers being comparable and measurable to the…

Q: How can small businesses get out of debt?

A: Small businesses need to have proper pplanning and management of cost and other factors. If there is…

Q: Do the credit card interest rates vary with creditworthiness? how?

A: Yes, the credit card interest rates vary with creditworthiness.  To set the interest rate on the…

Q: Explain what is Principal Plus Interest?

A: Principal plus interest is that amount which is paid by the borrower to the lender after the agreed…

Q: what is Gross Savings and how is it calculated?

A: Gross saving consists of savings of household sector, public sector and private corporate sector.…

Q: When does the money have time value?

A: The concept of the time value of money is based on time preferences and the fact that it can be…

Q: Please help with b, c, and d. Thanks!

A: In a perfectly competitive market, the profit-maximizing output level is achieved when the…

Q: What would the value of spending be if you had $1300 in savings and $2250 in income?

A: The income of any individual can either be used for consumption purposes, or it can be saved. Thus,…

Q: Paying in cash or taking a Loan, which option is more economically sound?

A: People quite often assume that paying cash for their purchases is the best way to go. But this is…

Q: Lenders use your credit score -- to see if you've earned your degree to criticize your financial…

A: A credit score is a report that states the person's previous and present loan details, repayment…

Q: What does credit tell you about the consumer culture in the 1920s

A: Credit culture was not that developed during 1920's. It was basically used as a simple transaction…

Q: What is the importance of investing or saving?

A: Saving refers to a part of income that is not used for the consumption of goods and services. The…

Q: what is the difference between Credit and Consumer credit?

A: Introduction Credit is a types of arrangement to receive cash or any service which you can use in…