Mathematics, 01.10.2019 06:30 etzzz32561

Which is an example of easy-access credit? $3000 monthly line of credit credit card with a $4,000 limit one-week payday loan for $350 $200,000 loan for a home

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The one-week payday loan is an example of easy-access credit. Easy-access credit is typically very short-term and charges high interest rates compared to other types of credit. There are ethical concerns tied to easy-access credit, as it typically charges rates well above the market average and targets lower-income, often desperate consumers.

Answer from: cookieasd9000

An example of easy-access credit is a One-week payday loan for $350.

Further Explanation:

Easy-access credit:

The easy-access credit is also known as payday loans. It refers to the short-term loan provided at a high-interest rate. Generally, this loan has a period of 10-20 days and the interest rate ranges from 15-25%.

Justification for the correct and incorrect option:

(a)

$3000 monthly line of a credit card with a $4,000 limit: This is an incorrect option because the credit card is not considered in the category of easy-access credit.

(b.)

One-week payday loan for $350: This is the correct option because it is granted for a small period and the amount of loan is also very low.

(c.)

$200,000 loan for a home: This is an incorrect option because the house loan is taken for a long period.

Thus, the example of easy-access credit is a One-week payday loan for $350.

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Learn more about the product efficiency Learn more about the selection of the ideal alternate Learn more about the profit and loss from the bonds

Answer details:

Grade: Middle school

Subject: Finance

Chapter: Loans

Keywords: Which, for example, easy-access credit, monthly, line, of, credit, card, with, limit, one-week, payday, loan, home, short-term.

Answer from: Quest

Skew lines(segments) are lines(segments) in 3 dimensions that do not intersect the given segment and are not parallel to it. ae, bf, eg, and fh are your skew segments. i hope that : )

Answer from: Quest

6. 104

7. 52/37

8. 2704

9. 140608

10. -52

11. |52|=52

12. 1/52

13. 156

14. 26

15. 40

16. 37

17. -364

18. 53 1/3

19. 50.96

20. 43 2/3

21. 78

22. 50.75

23. 47.63

24. 163.28

25. 10400

26. 338

27. 208

28. 2704 square inches

29. 312 square meters

30. don't know what its asking, tell me so i can tell you

31. 8490.56

32. 52 degrees would be an acute angle

33. 128 degrees

34. 20.8

35. 39

36. 208

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