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how does evonomics play a role in policy or public discussion related to having a career as a loan specialist?
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- Which is a more risky loan for the lender a secure loan or an unsecured loan? Why?Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower?Why do the creditors generally charge higher interest rates on new borrowing?
- What motivations and constraints apply to students who are considering differentschools and loan options? What motivations and constraints apply to private lendersIn contrast to revolving credit, installment credit loans allow a borrower to do which of the following? A- to borrow funds continually B- to borrow funds interest free C- to borrow funds one time D- to borrow funds tax freeBob and Karen are both applying for a consumer loan. They both have the same current level of income and the same current level of debt. Why might Karen be more likely to get the loan if Karen is younger?
- What is the purpose of a retirement plan and why does the government provide tax benefits to retirement plans?What is an interest “reference rate,” and how is it used to set rates for individual borrowers? From the point of view of a borrowing corporation, what are credit and repricing risks? Explain the steps a company might take to minimize both.Should the government guarantee loans for small businesses that are missing the necessary track record, assets, or other ingredients to obtain a commercial bank loan?