Q: How does the credit card company calculate the interest payment?
A: The credit card has been an important tool to increase the purchasing power. This facility has…
Q: What is financial system
A: A financial system is the one in which in which we have buyers, sellers and investors.
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: Give an example of a loan repayment plan?
A: A loan repayment plan shows the way in which loan will be repaid. It explains in detail the number…
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: Interest:
A: ‘Interest’ is the payment that needs to be paid by the ‘borrower’ to the ‘lender’. In other words…
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: How purchasing power affect the business?
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: the
A: Monopolistic competition is a form of imperfect competition in which several producers compete…
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: How do you build housing in wealthy neighborhoods?
A: It's generally not feasible because of the value of the land. In wealthy areas, land is expensive…
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: How do we use time value of money in our everyday lives?
A: In life, we see that usually the price of most of the goods were cheaper last year than today. Time…
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: It is a share of ownership in a business or company
A: Investors who swap capital for these units possess shares, which reflect equity ownership in a firm…
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: 1. Identify a business organization nearby your location and write a brief note in 200 words about…
A: By identifying a business organisation nearby my location I found a Micro finance organisation.…
Q: Interest rates: why are interest rates increasing on student loans or mortgages?
A: Secured Loan:- A secured loan is one that is supported by secured financial assets owned by the…
Q: How to analyze the rate of interest?
A: The interest rate is the percentage of the amount paid by the borrower to the lender in a given…
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: credit?
A: Credit report consist of current and past information regarding the credits that an individual hold.…
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: What is the Deferred Savings Plan?
A: A deferred savings plan is a plan which allows the taxpayer to pay money in the plan and then…
Q: According to you, which o receive credit.e
A: Economic development can be defined as a process of growth of the standard living of a nation’s…
Q: The first thing paid when repaying a loan is the principal. True or False?
A: Principal denotes the original amount of money borrowed by the individual for meeting his/her needs.…
Q: As a student, are you saving or borrowing? Why?
A: Disparities in income and expenditure encourage people to save or borrow. An individual who makes a…
Q: What is the difference between a secured loan and anunsecured loan?
A: A loan is when money is being given to another party in exchange for repayment of the principal…
Q: What is a transfer payment?
A: A transfer payment is a unilateral payment transferred to a person who has not exchanged money,…
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: What is a bond?
A: Bonds are fixed income securities and acts as a loan to a borrower. It is a kind of contractual…
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: What is the Times-Interest-Earned Ratio?
A: Times interest earned (TIE) ratio measures the ability of company to meet its debt obligations based…
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 the interest rate measure?
A: Market interest rate refers to the interest rate that the lenders expect or demands from the…
Q: I need help with A, B, C and D.
A: a)Non excludable and non rival. b)Excludable and non rival.
Q: How does amortization help in making loans affordable?
A: Concept Amortization is the technique of repaying a loan in monthly interest and principal…
Q: What does paying rent help you do? buy a home build equity in your building buy a condo build your…
A: A credit rating is a measurement of a person or business entity's ability to repay a financial…
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…
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