Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) In which of the following cases does a person receive income as an investor? A) Juan receives income from interest payments on money deposited

1) In which of the following cases does a person receive income as an investor?

A) Juan receives income from interest payments on money deposited in a bank.

B) Tim receives a share of the profits of a business through dividends.

C) Deanna receives money by inheritance from her parents.

D) Alina receives income from Social Security benefits.

2) Which of the following can cause a credit application to be declined?

A) When an individual is a victim of a credit scam

B) When an individual maintains a high credit score

C) When an individual uses their credit card's entire credit limit every month

D) When an individual has frequently missed payments for extended periods on previously availed loans

3) Sarah pays her personal trainer, Lily, by check. Lily uses the check to pay her grocery bills in a supermarket.

How is Lily able to use the check to make her grocery payments?

A) Sarah made the check for "deposit in bank only."

B) Sarah made the check payable to "Lily."

C) Sarah made the check payable to "Cash."

D)Sarah made the check payable to her "credit union account."

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How Social Forces Impact The Economy

Authors: Steven Pressman

1st Edition

1000062899, 9781000062892

More Books

Students also viewed these Economics questions

Question

Why would the restrictions A > 0 and B Answered: 1 week ago

Answered: 1 week ago

Question

Who do you usually turn to for help when facing a problem?

Answered: 1 week ago