Secured credit refers to credit that is secured by a piece of security, such as a car or a house. This implies that if you mistake on your repayments, the lender has the legal right to take control of your property.
A vehicle loan, which is a loan used to buy an automobile, is an instance of this. An unsecured debt, on either hand, is something that is not secured by anything.
Because the security offers security, interest rates on secured car loans are often cheaper. Furthermore, these loans usually have set interest rates, making it easy to budget for this outlay and prevent getting behind on repayments.
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Secure credit is credit that is given with a connection to a piece of collateral, such as a car or a home. This means that, if you were to default on your payments, the lender would be legally entitled to taking possession of the collateral. An example of this is a car loan, which is a loan that is used to purchase a car. On the other hand, an unsecured loan is one that is not protected by any collateral. This means that the lender cannot immediately take your property of you default on the loan. An example of this is a credit card.
In the case of a secured car loan, interests tend to be lower because of the security that the collateral (the car) provides. Moreover, these loans tend to provide interest rates that are fixed, which means that it is easier to plan for this expense and avoid falling behind on payments. The risk for the lender is less with a secured loan, as he is able to take the property and resell it if the borrower is unable to repay the loan. On the other hand, credit card are riskier for the lender (the bank) as they are unsecured, and this means that they are unable to immediately take any property from the borrower who did not repay. Because of this high risk, interest rates also tend to be high.
B) Technical violations
C) Crimes of moral turpitude
D) Interference with justice
C) Nominal group technique
D) Groupthink
Answer: Nominal group technique
Explanation:
Nominal group technique (NGT) can be defined as a structured method for a group brainstorming which encourages contributions from everyone and enhances quick agreement on the importance of issues, or solutions.
In nominal group technique, team members begin by writing down ideas, and then select the idea they feel is best. The nominal group technique identifies problems, and generates specific solutions that are needed for decision making.
Answer:
they are correct
Explanation:
c
Answer:
The answer is;
people trade goods directly with goods rather than through using money
Explanation:
In that a barter economy, people trade goods directly with goods rather than through using money.
Money is not used in a barter economy. Barter economy was experienced a very long time ago.
For example, Mr A. has yam at home but needs rice, he has to look for someone that wants yam in exchange for the rice he needs
A barter economy involves a direct exchange of goods or services while a money economy utilizes a common medium (money) for transactions. The barter system lacks the convenience and easy storage of value presented by the monetary system. Despite inflation, money remains a better store of value than goods.
A barter economy is distinct from a money economy primarily in its system of exchange. In a barter economy, goods or services are directly exchanged for other goods or services without the intermediary use of money. This system only works when one person happens to have something the other person needs, and at the same time that other person has something the first person needs. The primary issue with a barter economy is its lack of convenience and the difficulty in storing value over time.
On the other hand, a money economy uses a universal medium of exchange known as money, which is widely accepted for transactions and easily stored for future use. Money can also serve as a store of value, which enables people to make transactions more conveniently and efficiently. Despite some money losing value due to annual inflation, it is considered a better store of value than goods in a barter system, like the example of shoes which can go out of style and decrease in value every season.
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A.
cost and expense analysis
B.
competition analysis
C.
sales projection
D.
review of consumer needs
Most price planning begins with a cost and expense analysis.