Question 1 list two good reasons to borrow and two, Ask an Expert

Economics

Question: 1. List two good reasons to borrow and two unnecessary reasons to borrow.

2. What are two types of consumer credit?

3. What is the difference between a credit and a debit card?

4. A few years ago, Simon Powell purchased a home for $110,000. Today, the home is worth $150,000. His remaining mortgage balance is $50,000. Assuming that Simon can borrow up to 80 percent of the market value, what is the maximum amount he can borrow?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92294866

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