Some states and localities are drafting legislation to reduce the number of payday loans that a lender can provide within a year (for example, limiting them to no more than 6 loans in a year to an individual). Analyzing the data above, why might lenders be so opposed to such limits?
Answers
sixteen states and the district of columbia prohibit extremely high cost payday lending. states protect their citizens from usurious payday lending by prohibiting the product or by setting rate caps or usury limits. georgia prohibits payday loans under racketeering laws.
When a borrower takes out a payday loan, the term "payday" refers to the scenario in which they send a postdated cheque to the lender for their payday wage and the lender gives them some of that payday sum in cash right away.
What is the importance of loaning?Loans are given out for a variety of purposes, such as large purchases, investments, renovations, debt consolidation, and company endeavors. Additionally, loans assist already-established businesses in growing. Through lending to new enterprises, loans promote economic growth by expanding the total amount of money in circulation.
With a payday loan, a lender will grant you high-interest credit based on your income. Payday loans are a sort of short-term borrowing. A percentage of your next paycheck serves as its principal in most cases. Payday loans provide high-interest rates for quick, short-term credit. They may also be referred to as cheque advance loans or cash advance loans.
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Related Questions
Give three examples of fixed expenses.
Answers
1. Rental lease
2. Mortgage payments
3. Interest expenses
a convenience store owner is contemplating putting a large neon sign over his store. It would cost 50000 but is
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Answer:
$24,000
Explanation:
It would cost $50,000, but is expected to bring an additional $24,000 of profit to the store every year for five years.
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can someone help pick 1, 2,or 3 ?
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Answer:
2no I think you are confused so
What motivates you to do a great job at work other than a paycheck?
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Based on personal conviction, the thing that motivates me to do a great job at work other than a paycheck is "Growing my professional network."
What could motivate people aside from paycheck at work?There are various reasons people can motivate to do a great job aside from the paycheck; some of it includes the following:
Job securityMeeting deadlinesLeadership developmentSense of achievement or successAssisting in the jobBuilding a professional network, etc.Hence, in this case, it is concluded that there are several reasons individuals could be motivated to do great jobs at work aside from paycheck.
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How can you improve your credit score?
Answers
Answer:
Explanation:
According to Forbes, some ways to raise a credit score quickly include raising credit limits, keeping accounts open and paying bills on time
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If, after interviewing, you are sure a job is not for you, it is not necessary to send a thank-you note. Please select the best answer from the choices provided T F.
Answers
It is false that a thank-you note is not necessary to be sent even when one is sure the job is not for you..
Basically, an interview is conducted by the recruiting firm to assess the various skills, behavior of the job applicant.
This thank-you-note is a sign of good gesture and can even influence the employer to consider the job applicant for the applied role.In conclusion, It is false that a thank-you note is not necessary to be sent even when one is sure the job is not for you
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Answer:
f
Explanation:
Tom is considering making changes to his policy to make insurance more affordable. Which of the following statements is not something Tom should consider when making changes to his policy? a. Increasing the deductible on collision insurance will reduce his overall monthly and annual expense, but will lead to more out-of-pocket expense if he is in a collision. B. Removing comprehensive insurance will reduce his overall expense, but will leave Tom entirely responsible for the cost of a new windshield if he hits a rock on the highway. C. Increasing the limits on his bodily injury insurance will reduce his overall expense by putting greater limits on how much the insurance company will pay for injuries. D. Removing property damage insurance will reduce his overall expense, but will leave Tom responsible for the cost of repairs to any other cars involved with Tom in a collision. Please select the best answer from the choices provided A B C D.
Answers
The statement which is not something Tom should consider when making changes to his policy of making insurance more affordable is:
C. Increasing the limits on his bodily injury insurance will reduce his overall expense by putting greater limits on how much the insurance company will pay for injuries.According to the given question, we are asked to state the statement which is not something Tom should consider when making changes to his policy of making insurance more affordable.
As a result of this, we can see that if Tom is seeking to make some policy changes to his insurance to enable him to reduce the cost of the insurance, he should NOT consider increasing his limits on bodily injury because it would help reduce overall expenses.
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Answer:
c
Explanation:
All of your teammates are dedicated to the project. They put in the time and effort to complete their individual assignments and to be adequately prepared for team meetings. However, this time and effort does not seem to translate into effectively sharing information. Which of the following actions is most likely to improve your team's information sharing?
A. Create less structure to allow more open sharing during team meetings.
B. Encourage more virtual communication among team members.
C. Share more information about each other's assignments to boost mutual understanding
D. Reduce the number of priorities that are discussed during team meetings
Answers
Team building is very important for any team leader. The option that can improve your team's information sharing is to Share more information about each other's assignments to boost mutual understanding.
A group discussion is one where there is an essential conversation about a specific topic. It is often done in a group of a size that ensure the full participation by all members.This group discussion is also known to be type of meeting and it is not like the formal meetings.
By Sharing information among themselves, they can known themselves more and understand how each other works.
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A(n) _______ is a social responsiveness strategy in which a company admits responsibility for a problem but does the least required to meet societal expectations.
Answers
The code requires that realtors advertising clearly identify:
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Based on real estate standard practice, the code requires that realtors' advertising identify "the member's professional status or status as a Realtor."
The Code of Ethics for RealtorThe code of ethics for realtors is a document that contains the rules and regulations that guide the practice of realtors.
The code of ethics prevents the clients from being exploited by some unsuspecting realtors.
Hence, based on Article 12 of the National Association of Realtors Code of Ethics, the correct answer is "the member's professional status or status as a Realtor."
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A customer buys 100 shares of ABC stock, which is now trading at $63. The customer wants to create a dividend supplement to the position. He should: A buy a call B buy a put C sell a call D sell a put
Answers
Answer:
sell a call
Explanation:
He should sell a call because he wanted to create a dividend supplement to the position.
What is selling a call?This involves a call sellers who have an obligation to sell the underlying stock at the strike price and have a short call position.
Hence, as he wants to create a dividend supplement to the position, then, the best option is to sell a call.
Therefore, the Option C is correct.
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From a macroeconomic point of view, increases in ____________ are an addition to aggregate demand, while increases in ___________ are a subtraction from aggregate demand.
Answers
There are different factors that causes changes in demands. An increases in exports are an addition to aggregate demand, while increases in imports are a subtraction from aggregate demand.
When there is an increase in a country's exchange rate increases, note that the net exports will reduce and aggregate expenditure will reduce too at all price level. This therefore implies that Aggregate demand will decrease.
An increase in the exchange rate will decrease aggregate demand when demand is known to be relatively elastic. This is due to exports falling and imports increasing.
An effect of an exchange rate shift is to alter the prices of goods and services produced in a country.
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Allan borrowed $4200 from his father to buy a car. He repaid him after 4 months with interest of 7% per year. Find the total amount he repaid.
Answers
The total amount Allan repaid is $4,297
Allan borrowed $4200
He repaid it after 4 months
The interest incurred is 7%
The total amount Allan can be repaid can be calculated by multiplying the amount he borrowed by the number of months and interest
= 4,200 × (1 + 7/100 × 4/12)
= 4,200 × (1 + 0.07×0.333)
= 4,200 × (1+0.0231)
= 4,200 × 1.023
= 4,297
Hence the total amount he repaid is $4,297
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what is represented by the distance between two vertical white gridlines on this graph?
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The information which is represented by the distance between two (2) vertical white gridlines on the graph in the image attached is: a time span of 50 years.
A graph can be defined as the graphical representation of data (information) on both the horizontal and vertical lines, which are x-axis and y-axis respectively.
In this scenario, the x-coordinates is used to represent time in years ranging from 1500 to 2050.
On the other hand, the y-coordinates is used to represent the total population in billions.
From the graph, we can deduce that each point of the vertical white gridlines with respect to another represent a time span of 50 years.
For example:
[tex]Time\;span = 1950-1900[/tex]
Time span = 50 years.
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REALTORS®: a. protect and promote the interests of their clients. b. treat all parties honestly. c. promote their interests over their clients' interests. d. A and B only.
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Considering the available options, Realtors are known to have various functions, including options A and B only.
Functions of a RealtorGenerally, Realtors are known to perform many responsibilities, including the following:
Protect and promote the interests of their clients. Treat all parties honestly.Create a real estate contract.Rent, sell or buy properties for clients, etc.Hence, in this case, it is concluded that the correct answer is option D. "A and B only."
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buy now pay later catalogs for people with bad credit
Answers
According to credit facilities providers, the buy now pays later catalogs for people with bad credit include Ashro, Boscovs, Country Door, Fingerhut, etc.
What is Buy now Pays later?Buy now Pays later is another name for credit facilities. It is an agreement between borrowers and lenders to get goods or services now in exchange for a commitment to pay at an agreed later time.
There are various Buy now Pays later providers. Some of them include:
FlexshopperBradford ExchangeLeasevilleHSN, etc.Hence, in this case, it is concluded that various Buy now Pays later providers are out there.
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Which of the following transactions would decrease cash?
A.Capital investment by the owner
B.Payments to creditors
C.Cash sales
D.Payments received from debtors
Answers
Answer:
B. Payments to creditors
PLEASE HELP !!!!!!!!
Answers
Answer:
Angel do not share in the profit of the business.
No need for collateral .
In the demolition of an old building, a 1,300 kg wrecking ball hits the building at 1.07 m/s2.
Answers
Answer:
f=ma
f?
m=1300kg
a=1.07m\s squared
f=1300kg x 1.07=1391N
Explanation:
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What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children?
Answers
Becca has $500 to open a checking account. She wants an account with the lowest fees. She writes about 12 checks per month and her employer has direct deposit. She plans to only use her bank's ATM four times a month. Bank Account Terms and Conditions Bank Account terms and conditions. Bank B is best for Becca. Which checking account would be best for Becca? Account A Account B Account C Account D.
Answers
People often have different types of account. The checking account that would be best for Becca is Account B
A checking account is known to be a type of bank account that gives room for customers to male quick and easy deposit and withdrawal of their money for daily transactions.It often includes depositing a check that a person receive, taking out cash with your debit card or setting up direct deposit for your paychecks.
Looking at the Account B in the picture attached you will see that the option be is the best for Becca.
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Answer:
Account B
Explanation:
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StayWell Health Insurance is offering a plan with a monthly premium of $240, a deductible of $6500, and maximum out-of-pocket expenses of $10,000. Which of the following people is that plan BEST suited for? *
Answers
The question is about the StayWell Health Insurance plan.
The plan requires a premium to be paid of $240, for a coverage of upto $10,000. The plan can suit the person that can easily afford $240 per month and is expected to claim the out of pocket expenses of $10,000.
A person who's income is more than $1,000 can be suitable for this Health Insurance plan, A person who's income is less than $1,000 can be reluctant to pay $240 as an insurance premium per month when the person have other expenses for example rent, grocery etc.
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When a seller allows a buyer thirty to sixty days to pay for a purchase, the sales arrangement is called a. a promissory note. b. equity financing. c. trade credit. d. a bank loan. e. None of these answers is correct.
Answers
The sales arrangement when a seller allows a buyer thirty to sixty days to pay for a purchase is known as Trade credit
A trade credit is an arrangement that exists between buyers and sellers with respect to exchange of goods and services.
In trade credit, the supplier allows the buyer purchase on credit and pay later usually between 30, 60 or 90 days.
Hence, trade credit is where a seller allows a buyer thirty to sixty days to pay for a purchase.
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The main method for disposing of municipal wastes in the United States is ___________ while _____ is the main method in Japan.
Answers
Answer:
hi
Explanation:
hi
Which of the following expressions is equal to the total investment of a no-load mutual fund? a. Net assets Ă· number of shares b. Net asset value Ă· number of shares c. Net asset value x number of shares d. Offer price x number of shares.
Answers
The answer choice which is equal to the total investment of a no-load mutual fund is:
C. Net asset value x number of sharesAccording to the given question, we are asked to state the answer choice which is equal to the total investment of a no-load mutual fund and how this affects the market shares.
As a result of this, we can see that in a no-load mutual fund, there has to be the net asset value which is multiplied by the number of shares which a person currently holds and is equal to the total investment made.
With this in mind, a net asset is the total assets which a company has after the liabilities have been removed.
Mathematically, it is calculated by making an addition of the total fixed assets plus the total current assets minus the total liabilities.
Hence, the total investment of a no-load mutual fund is found by the net asset value multiplied by the number of shares.
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Post Oak Mall contains two department stores, numerous specialty stores, a movies theater, and various restaurants. Since it does not contain any convenience stores, Post Oak Mall is an example of a(n) _____ shopping center.
Answers
Because Post Oak Mall does not contain convenience stores, then, Post Oak Mall is an example of a regional shopping center.
A regional shopping center refers to a large shopping area meant to provide goods and services to people living in a particular area or state
A regional shopping center usually contain at least departmental store and any number of speciality stores.
Hence, because the shopping center does not contain any convenience stores, then, it is a regional shopping center
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A limited partnership is an agreement between at least _____ general partner(s) and ______ limited partner(s).
Answers
It should be noted that a limited partnership is an agreement between at least one general partner and one limited partner.
A limited partnership can be regarded as a type of partnership that involves two or more partners entering into a business, even though there liability is amount of their investment.
However, there would be an agreement between them as regards the profits from the business.
We can conclude that limited partnership serves as an agreement that exist among at least one general partner as well as one limited partner.
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A way of spreading stress among employees and providing a respite from particularly stressful jobs is basically job ______
Answers
Answer:
Job Rotation
Explanation:
Job rotation is basically a way of spreading stress among employees and providing a respite—albeit temporary—from particularly stressful jobs
Hope this helps!
Job rotation is a management strategy in which employees are rotated between two or more assignments or jobs at regular intervals to expose them to all aspects of an organization. It is a way of spreading stress among employees and providing a respite from particularly stressful jobs.
What is job rotation?Job rotation is a well-planned practice that is used to reduce boredom from doing the same type of job every day and to discover an employee's hidden potential. It aids management in identifying employee talent and determining what he or she excels at. It allows a person to pursue his or her own interests and gain experience in various fields or operations.
Job Rotation is a pre-planned approach with the goal of testing the employee's skills and competencies in order to place him or her in the appropriate position. Furthermore, it reduces job monotony, provides them with broader experience, and assists them in gaining more insights.
Therefore the correct answer is job rotation.
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Jim paid $250,000 for an apartment building with a fair market value of $260,000. At the time of the sale, the building was appraised at $225,000. For income tax purposes, what would be the basis of the apartment building
Answers
The amount of $225,000 will be the would be the basis of the apartment building for income tax purposes.
Basically, the cost basis is the purchase cost which is $225,000.
The fair market value and appraised cost does not have anything to do with tax basis for income tax purposes.
In conclusion, the amount of $225,000 will be the would be the basis of the apartment building for income tax purposes
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the ceo of what company stepped down this week, after having co-founded the business and led it from 2006-2008 and from 2015-2021?
Answers
The CEO of Twittter stepped down after having co founded the business and led it from 2015 to 2021.
The CEO of twittter is Jack Dorsey. He is an American. After he stepped down, the technological app was handed over to the Chief Technological officer as his replacement.
The reason why the co-founder decided to step down was due to his plans to focus on philanthropy and also to focus on crypto currency.
This came 15 years after the company was founded.
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