Rspirsibe......way.2.2. NCA is a piece of ... .that regulates the lending of money..are regulated in the in the NCA.2.1. NCA makes sure that credit providers give credit in a........2.3.The contents of .......of consumers.2.4. NCA attempts to prevent...2.5.The National Credit Act 34 of 2005 was created to protectboth... ...and...Consumers......Business

Answers 2.1 fair and non-discriminatory 2.2 legislation 2.3 credit agreements

Answered: Rspirsibe ......way. 2.2. NCA is a…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter4: Going Into Debt

Section: Chapter Questions

Problem 6AA

See similar textbooks

Similar questions

1. Financial institutions in the U.S. economy Suppose Edison would like to use $1,000 of his savings to make a financial investment. One way of making a financial investment is to purchase stock or bonds from a private company. Suppose NanoSpeck, a biotechnology firm, is selling bonds to raise money for a new lab—a practice known as _______ (debt/equity) finance. Buying a bond issued by NanoSpeck would give Edison _______ (a claim to partial ownership in/ an IOU, or promise to pay, from) the firm. In the event that NanoSpeck runs into financial difficulty, ______ (Edison and the other bondholders/ the stockholders) will be paid first. Suppose instead Edison decides to buy 100 shares of NanoSpeck stock. Which of the following statements are correct? Check all that apply. a)The price of his shares will rise if NanoSpeck issues additional shares of stock. b)The Dow Jones Industrial Average is an example of a stock exchange where he can purchase NanoSpeck…
Explain the credit rationing and partake of the federal bank if it is used as the tool to qualitative or selective credit control method?
Banking began as a mostly private (non-government) industry and, over time, the government's role became primarily one of regulation (e.g., setting reserve requirements) and providing support for private banks (e.g., central banks lending banks money to pay deposits). Is this balance of responsibilities good? Should the government be less involved in banking, or should the government expand its role in banking by taking deposits from and making loans directly to individuals and businesses (like most banks do today).
In government programs of bank supervision, what is being supervised?
Suppose that, prior to the passage of the Truth in Lending Simplification Act and Regulation Z, the demand for consumer loans was given by Qdpre-TILSA = 14 -130P (in billions of dollars) and the supply of consumer loans by credit unions and other lending institutions was QSpre-TILSA = 6 + 70P (in billions of dollars). The TILSA now requires lenders to provide consumers with complete information about the rights and responsibilities of entering into a lending relationship with the institution, and as a result, the demand for loans increased to Qdpost-TILSA = 22 -130P (in billions of dollars). However, the TILSA also imposed “compliance costs” on lending institutions, and this reduced the supply of consumer loans to QSpost-TILSA = 2 + 70P (in billions of dollars). Based on this information, compare the equilibrium price and quantity of consumer loans before and after the Truth in Lending Simplification Act.(Note: Q is measured in billions of dollars and P is the interest…
Which of the following is a lender of last resort for credit unions? Seleccione una: a. National Credit Union Administration b. the Central Liquidity Facility c. state central credit unions d. U.S. Central Credit Union
Suppose that, prior to the passage of the Truth in Lending Simplification Act and Regulation Z, the demand for consumer loans was given by Qdpre-TILSA = 14 -90P (in billions of dollars) and the supply of consumer loans by credit unions and other lending institutions was QSpre-TILSA = 6 + 110P (in billions of dollars). The TILSA now requires lenders to provide consumers with complete information about the rights and responsibilities of entering into a lending relationship with the institution, and as a result, the demand for loans increased to Qdpost-TILSA = 22 -90P (in billions of dollars). However, the TILSA also imposed “compliance costs” on lending institutions, and this reduced the supply of consumer loans to QSpost-TILSA = 2 + 110P (in billions of dollars). Based on this information, compare the equilibrium price and quantity of consumer loans before and after the Truth in Lending Simplification Act.(Note: Q is measured in billions of dollars and P is the interest…
Define the term the Truth in Lending Act?
Having a good commercial bank on your side, like Suntrust or Wells Fargo, will make it much easier for your business to grow and expand Her commercial bank account balance was rarely over two hundred. What is a commercial bank? O a. private bank for consumers and firms © b. government run bank for consumers and firms O c. an investment firm O d.a synonym for credit union
26. Compared to commercial banks and thrift institutions, finance companies are Question 26 options: a) heavily regulated. b) able to attract small depositors. c) prevented from making relatively small loans. d) virtually unregulated.
What is the difference between commercial bank and universal bank? (Give atleast 5)
Give the cash reserve requirement Cr of 20% initial client's deposit of ish.500,000 and assuming all financial transactions take place in banks. (I).Use 3 banks to demonstrate how commercial banks create credit (II) compute the final and actual deposits.

SEE MORE QUESTIONS

Recommended textbooks for you

Economics Today and Tomorrow, Student Edition

Economics

ISBN:

9780078747663

Author:

McGraw-Hill

Publisher:

Glencoe/McGraw-Hill School Pub Co

ECON MACRO

Economics

ISBN:

9781337000529

Author:

William A. McEachern

Publisher:

Cengage Learning

Principles of Economics 2e

Economics

ISBN:

9781947172364

Author:

Steven A. Greenlaw; David Shapiro

Publisher:

OpenStax

Economics Today and Tomorrow, Student Edition

Economics

ISBN:

9780078747663

Author:

McGraw-Hill

Publisher:

Glencoe/McGraw-Hill School Pub Co

ECON MACRO

Economics

ISBN:

9781337000529

Author:

William A. McEachern

Publisher:

Cengage Learning

Principles of Economics 2e

Economics

ISBN:

9781947172364

Author:

Steven A. Greenlaw; David Shapiro

Publisher:

OpenStax

Macroeconomics

Economics

ISBN:

9781337617390

Author:

Roger A. Arnold

Publisher:

Cengage Learning

Economics (MindTap Course List)

Economics

ISBN:

9781337617383

Author:

Roger A. Arnold

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS