Why should credit at reasonable rates be available for all? -SST 10th

1 Answer

Answer :

If credit is available at reasonable rate, this would lead to higher income and many people could then borrow for a variety of needs such as for growing crops, for setting small scale industries, for business etc. Thus credit at reasonalble rate will be helpful in the development process of a country.

Related questions

Description : When will jumbo loan rates be reasonable?

Last Answer : What are you asking? When will the now jumbo rates become lower and more reasonable? Or when will it be reasonable for rates to be jumbo? Also, please include more information re: your question in the appropriate field.

Description : What are reasonable CD rates from banks these days?

Last Answer : The best CD rates will be on the long term CDs. The best offering by a bank for a 5 year CD is 3.41% by EverBank in Jacksonville, FL. Generally speaking, you should be able to get at ... At current, the top national rates vary anywhere from .94% to 1.69% depending on location and amount deposited.

Description : The economic environment for this simulation game will include a. a favorable environment featuring limited growth, high inflation, and reasonable interest rates. b. a favorable environment featuring ... inflation rates, and constant interest rates. e. economic downturn and other surprises.

Last Answer : b. a favorable environment featuring modest growth, low inflation, and reasonable interest rates.

Description : What is a reasonable credit interest rate?

Last Answer : The credit interest rate vary from 7% to 36% in the US. When you say reasonable it would be around 20%. But you need really high credit score to obtain a low interest card.

Description : Reasonable assurance means: a. Gathering of all available corroborating evidence for the auditor to conclude that there are no material misstatements in the financial statements, taken as a whole. ... necessary for the auditor to conclude that there are no material misstatements in the financial

Last Answer : Gathering of the audit evidence necessary for the auditor to conclude that there are no material misstatements in the financial statements, taken as a whole

Description : ripple DES a. Cannot be broken in reasonable time using presently available computers. b. Can be broken only if the algorithm is known using even slow computer. c. Can be broken with presently available high performance computers. d. It is impossible to break ever. 

Last Answer : a. Cannot be broken in reasonable time using presently available computers.  

Description : DES using 56 bit keys a. Cannot be broken in reasonable time using presently available computers b. Can be broken only if the algorithm is known using even slow computers. c. Can be broken with presently available high performance computers. d. It is impossible to break ever.

Last Answer : c. Can be broken with presently available high performance computers. 

Description : Will the new credit card laws in the U.S. reinstate old interest rates for the customers they gouged before the new law?

Last Answer : Actually, what I read and the notice I recieved from MasterCard, interest rates are going up to close to 30%. I am going to see if our local loan shark issues plastic. I think we can ... credit card interest rates, and 30% healt insurance premimums. Do you wonder why the middle class is shrinking?

Description : What are the ranges in credit card interest rates?

Last Answer : Credit card interest rates go form 1% to 5%. In general they are around 2%, but it also depends upon which company you use. Some try to scam unsuspecting customers.

Description : Fastest and easiest personal loans with no credit check and guaranteed lowest rates on no credit check loans. Fast cash loan today in one hour or less.?

Last Answer : Online there are many places to find a fast cash loan that also can be very reliable and trustworthy. Also if you are signed up with banks that have online loans it can be quick as a whistle and you can be off to wherever you need to go with a loan.

Description : The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic ... A. Economic Policy B. Monetary Policy C. Fiscal Policy D. Credit Policy E. Budgetary Policy

Last Answer : B. Monetary Policy Explanation: Monetary Policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.

Description : Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as ... institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Last Answer : D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards Explanation: In finance, subprime lending (also referred to ... schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.

Description : Is there any information available regarding I Bonds rates?

Last Answer : You can find information about the I Bonds rates at www.treasurydirect.gov.

Description : Answer: b Metabolic response to injury results in increased energy expenditure. If energy intake is less than expenditure, oxidation of body fat stores and erosion of lean body mass will occur ... requirements, caloric requirements should be distributed at a ratio of 70% as glucose and 30% as fat

Last Answer : Which of the following statement(s) is/are true concerning body fuel reserves? a. The largest fuel reserve in the body is skeletal muscle b. Fat provides about 9 calories/gram c. Free glucose and glycogen stores are a trivial fuel reserve d. Body protein is a valuable storage form of energy

Description : Which of the following statements regarding whole blood transfusion is/are correct? A. Whole blood is the most commonly used red cell preparation for transfusion in the United States. B. ... whole blood produces higher rates of disease transmission than the use of individual component therapies.

Last Answer : Answer: B DISCUSSION: Whole blood is effective as a replacement fluid for acute blood loss because it provides both volume and oxygen-carrying capacity (red blood cells). It is rarely used in the ... the use of packed red blood cells, fresh frozen plasma, and platelets, each from a different donor

Description : Sellers market denotes a situation where : (1) commodities are available at competitive rates (2) demand exceeds supply (3) supply exceeds demand (4) supply and demand are evenly balanced

Last Answer : (2) demand exceeds supply Explanation: Seller's market is a market which has more buyers than sellers. High prices result from this excess of demand over supply. The opposite of the seller's market is the buyer's market, where supply greatly exceeds demand.

Description : Sellers market denotes a situation where (1) Commodities are available at competitive rates (2) Demand exceeds supply (3) Supply exceeds demand (4) Supply and demand are equal

Last Answer : (2) Demand exceeds supply

Description : Sellers market denotes a situation where : (1) commodities are available at competitive rates (2) demand exceeds supply (3) supply exceeds demand (4) supply and demand are evenly balanced

Last Answer :  demand exceeds supply

Description : What are the two main reasons for formal credit not being available to the rural poor ? -SST 10th

Last Answer : The two main reasons for formal credit not being available to rural poor are : (i) Absence of collateral and documentation is the main reason which prevents rural poor from getting bank loans. ... (ii) Cheap and affordable credit for rural poors is important for the country's overall development.

Description : Why is the public sector required to provide certain things at a reasonable cost? -SST 10th

Last Answer : . The purpose of the public sector is not just to earn profits but to think about the social benifits also. . There are several things needed by the society as a whole but which the private ... these require large sums of money to be spent, which is beyond the capacity of the private sector.

Description : ‘It may be reasonable to expect from a democracy a government that is attentive to the needs and demands of the people and is largely free of corruption.’ -SST 10th

Last Answer : Corruption of government : (i) Democracies often frustrate the needs of people and often ignore the demands of the majority. (ii) The routine tales of corruption are enough to convince ... have believed that democracy will be attentive and make policies that will free the country from corruption.