Which of the following is a disadvantage of credit OR buying on using credit? *   a Instant enjoyment   b Emergencies   c Convenience     d Impulse buying Savings

Q: To increase Prepaid Insurance a credit entry is needed. Select one: O True False

A: Assets are the resources owned by company. It has debit balance. Example:- Cash, accounts…

Q: Discussion Topic Think about two important aspects of financial planning: insurance and investments.…

A: Insurance and investment both are essential components of one's financial planning for the future.…

Q: Describe each of the different types of credit card rewards programs. Which one do you like best and…

A: Some credit card gives incentives to the cardholders in the form of  credit card rewards. Credit…

Q: Some credit repair companies have instant solutions to your credit problems. True O False

A: Credit repair companies are businesses that offer services to help consumers improve their credit.…

Q: Nowadays, lenders are using credit scoring tool to analyze consumer loans. Discuss its advantageous.

A: Introduction : A credit scoring model can be understood as the risk management instrument that…

Q: Student credit cards usually [do | do not] require parental or guardian guarantees   a. do b. do…

A: Credit cards are unsecured loans. They are basically not backed by any collateral. Banks offer…

Q: Before taking out a consumer loan, you should be sure the purchase is compatible with your financial…

A: We may not always have the funds necessary to complete some tasks or purchase certain items.…

Q: Is the following statement true or false? Open-end loans are often called line-of-credit accounts. O…

A: A loan provided by a financial body to a borrower that has a pre-approved credit limit and can be…

Q: Owner wants to purchase larger percentage of goods on credit. what advice would you give?

A: Goods purchase on credit: Goods are purchased by the company to sell by adding profit margin. Or…

Q: Penultimate Company uses a perpetual inventory system and has a December 31 year-end. Its records…

A: "Since you have asked multiple questions, the first question was answered for you. If you want the…

Q: Answer true or false no need explanation.   1. Most thru -hiker have a good understanding of their…

A: A recession is a time period when the economy of the country faces a heavy downfall. This downfall…

Q: According to Dave Ramseys seven baby steps plan. What would be the pros and cons of using a credit…

A: Dave Ramsey’s seven baby steps plans consists of plans which make an individual financially…

Q: Which of the following is TRUE about Credit Score / FICO Score: Group of answer choices the lower…

A: What is credit score? It is a score that ranges from 300 to 850 and it represents the credit…

Q: Consumer loans, by this definition: Some of the most expensive Least borrower-friendly More are…

A: A loan that is given by financial institutions to consumers to fulfil their needs is known as a…

Q: Discuss all the advantages and disadvantages of availing auto loan

A: Auto loan is availed by a person when the person is buying a new car and need to get it financed due…

Q: An automatically perfected security interest in consumer goods when a merchant or lender offers…

A: There are different ways to obtain the loan using collaterals.

Q: 10. What is one advantage and disadvantage of using a credit card to make purchases.

A: Credit card is issued by financial institutions such as banks to the customers for facilitating…

Q: What kind of discount is designed to encourage prompt payment from customers? O Cash Discounts O…

A: Answer:-  Discount meaning:- A discount is the sum that is subtracted from the marked price; it…

Q: Discussion Topic Consumers are often faced with making large purchases to satisfy life's basic…

A: Products are purchased on the credit because buying on credit is very easy and convenient because…

Q: Which of the following wouldn’t save you money on your auto insurance premium? * a. Decrease your…

A: The ways where insurance premium can be saved 1. Bundling the insurance with other policies 2.…

Q: Which is correct with regards to the effects of restricting credit standards? * O An increase in…

A: A credit policy lays out the conditions under which consumers who purchase on credit must pay back…

Q: All credit cards are not alike, nor are all spenders alike. When you are deciding which credit card…

A: The objective of the question is to determine the best credit card option for Larry, who is not a…

Q: Allows purchases beyond credit limit. This is referred to

A: Credit purchase limit terms are used in credit card cases. If any user of a credit card makes a…

Q: Which will result in a higher net worth? I. Paying down debt with cash flows. II. Making regular…

A: Net Worth: The value of all assets less the total value of all obligations equals the net worth. To…

Q: A good credit rating would be based on all the following criteria EXCEPT whether you   a. have a…

A: Credit rating is a representation of a borrower's credit profile. a good credit rating indicates…

Q: They can help you afford a vehicle, but you risk losing the car if you miss payments. This type of…

A: There are different types of loans that can be issued by banks, but some specific loans can also be…

Q: The two types of personal loans are Installment Loans and Demand Loans. True False

A: Introduction : In simple words, personal loans refers to the loans which are given to the borrower…

Q: Would

A: Rent-to-own (RTO) stores sell items such as furniture and appliances to consumers on an installment…

Q: 25. Potential buyer Sam wants to increase his credit score before applying for a mortgage loan. What…

A: Mortgage lenders will want to see if you can afford your mortgage before they lend you the money,…

Q: Retail time deposits and certificates of deposit have high withdrawal risk to issuers.   Select…

A: Retail time deposits refer to the deposits that are made with banking institutions that provide a…

Q: Sources of repayment for a loan include all of the following EXCEPT: A. Sale of older equipment B.…

A: A loan is defined as the amount borrowed by a person or a business entity from another person or…

Q: Revolving lines of credit generally do not involve the use of credit cards and often offer borrowers…

A: Overdraft protection is linked to your checking account in case you overdraw your account. It draws…

Q: All of the following can hurt your credit score EXCEPT

A: Credit Score: It is a metric used to measure the ability of individuals to pay back the amount…

Q: In your opinion, do the following Bank Products fall into a Routine, Limited or Extensive product…

A: Routine, limited, and extensive are categories used to describe the level of complexity and…

Q: 1. Suppose the following historic data is available that can be used to predict if someone would…

A: Loan - A loan is a resource that a business holds. The lender receives the money once the borrower…

Q: what is credit and why is it important how do you build your credit how do you check your credit…

A: Credit is a very important part of meeting one’s personal financial objective. It is used by…

Q: When an individual makes a purchase without considering the financial consequences of that purchase,…

A: The objective of the question is to identify the aspect of financial planning that is being ignored…

Q: allows the bank clients to borrow money against a line of credit with a credit limit. a. Credit card…

A: When borrower can take money out as needed untill the limit is reached and as money is repaid it can…

Q: Question 7 Select the item that would be only a soft inquiry on your credit report. a car dealer…

A: Soft inquiry is the inquiry done by someone you give permission to check your credit history. It is…

Q: Fully understanding the contract terms of a loan or credit card is... Select one O A. Not very…

A: Understanding contract terms: It's important to fully understand the terms of a loan or credit card…

Q: When applying for credit, lenders will consider your: A. Capacity B. Collateral C. Character D. All…

A: Question 1: When applying for credit, lenders will consider your:D. All of theseExplanation: When…

Q: The main purpose of buying insurance is to have financial protection in case of a loss. O eliminate…

A: The answer for main purpose of buying insurance is to have financial protection in case of loss.…

Q: So-called "payday loans" are targeted primarily at "poor people" O True O False QUESTION 43 Term…

A: Pay-day loans are short-term loans that allow the person to borrow until the next payday. The…

Q: LENDER LOAN PRODUCTS SIGNIFICANT FEATURES Consumer finance Automobile loans They do not accept…

A: Consumer Finance: When a business or retailer provides its consumer's financing choices, they can…

Q: Part III Discuss concisely each scenario in not less than 5 sentences. 41-45 Simple interest is a…

A: The benefits of being a borrower or a creditor are subject to the needs of the business and the…

Q: Which will result in a higher net worth? I.    Paying down debt with cash flows. II.   Making…

A: The Net Worth is Shareholder's funds. It is comprise of Common Stock,  preferred Stock and Retained…

Q: 2. Should people have more than one credit card? Explain.

A: A credit card is a plastic card issued by a financial institution or credit card company that allows…

Q: Advantage and disadvantages of letters of credit and bankers acceptance.

A: Letter of credit is a letter in which the banks take the guarantee of the buyer that the buyer will…

Q: What Are Consumer Loans? (1 of 2) Consumer loans Any loan to a consumer, including mortgages, car…

A: Introduction : In simple words, loans refers to the amount that one entity gives to the other entity…