Answer:
Explanation:
First we have to determine the money multiplier of Macroland:
If $1,000 are deposited in banks and the banks have a 20% reserve ration, they will be able to lend $800. The $800 will then increase to $4,000 (= $800 x 5) because of the money multiplier.
The total increase in the money supply is given by the $1,000 deposited originally and the $4,000 in increased loans = $5,000
producers
investors
People who make goods and services are called PRODUCERS.
They are called producers because they produce the goods and services needed by the consumers.
Answer:
Human needs are the impulse that individuals have to access certain goods or things. Scarcity, in turn, is the lack of goods or things to meet the needs of all humans in general.
Therefore, all human needs could be covered without major problems if the phenomenon of scarcity did not exist, that is, if there were more goods available than those demanded by society.
Without scarcity, human desires for goods and services would be completely satisfied, eliminating trade-offs and opportunity costs. Economic systems would transform due to the abundance of resources, but such a scenario is purely theoretical as scarcity is a central economic issue.
In a hypothetical world without scarcity, human desires would be fully met without the need to make trade-offs. Since scarcity implies that human wants for goods and services exceed the limited supply, removing this limitation means everything would be available in abundance. With no scarcity, every person could have more and better housing, education, and an endless array of products and services without having to sacrifice one desire for another.
Without scarcity, the concept of opportunity cost becomes irrelevant, because choosing one thing does not mean forfeiting another. Economic systems would also look vastly different, as pricing, which often reflects scarcity, would not function in the same way. Having unlimited resources might lead to continuous consumption without the need to allocate resources efficiently or innovate. However, it's crucial to recognize that this scenario is purely theoretical, as in reality, scarcity is a fundamental economic problem driving how societies operate.
b. a business other than sales or marketing
c. a payment other than wages or salaries
d. an accounting term meaning profits
Complete Question:
Under Article 7 on “hard money loans” (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is:
Group of answer choices
A. 10%.
B. 12%
C. 20%
D. As much commission as her borrower will agree to pay her.
Answer:
D. As much commission as her borrower will agree to pay her.
Explanation:
Under Article 7 on "hard money loans" (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is as much commission as her borrower will agree to pay her.
However, in some states a usury law has been passed to define the maximum rate of interest that may be charged on some hard money loans.
In real estate transactions, a hard money loan can be defined as a short-term loan or loans of last resort which is secured by a real property. These type of loans are mainly issued by the private investors (individuals or companies) rather than the common lenders such as credit union or a bank.
The maximum commission for loan brokers in the case of hard money loans is not universally defined and may be a matter of negotiation between the borrower and lender. However, specific local legislation might apply.
The question pertains specifically to the loan broker’s maximum commission under Article 7 for hard money loans (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust. In most jurisdictions, the maximum commission percentage is not specifically defined in the law that broadly covers these loans. Instead, it would traditionally be a matter of negotiation between the borrower and the lender (or the lender’s representative, the broker). However, there might be specific state or regional legislation that sets a maximum percentage for commission in the circumstances mentioned above. To get the accurate answer you should refer to the local legislation or consult with a legal expert.
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