What is the meaning of Gracian's maxim # 185 (clxxxv) "Never stake your Credit on a single Cast" in The Art of Worldly Wisdom? A. Always have a better plan B. Don't depend only on one creditor. C. Don't have just one line of credit.
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- So-called "payday loans" are targeted primarily at "poor people" True False QUESTION 43 Term insurance can be used as collateral for secured lines of credit True FalseImagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would consider in making your selection. make a brief description of each attribute and how you would use it to select a credit card. Where would you file a complaint if the issuer of the credit card you select later treats you unfairly?True our False? 6. Under the mudarabah account, the depositors will always be guaranteed to get back their deposits. 7. Current, saving and investment accounts are designed to fulfil the motives of holding money. 8. The difference between hibah and interest (riba) is the former is determined ex-ante and the latter is ex-post. 9. Statutory reserve requirement is part of regulatory costs for Islamic deposit. 10. Islamic bank can offer the sale of foreign currency through murabahah financing.
- 7. Types of credit extension? Which one is biggest?Writing the lending process to provide loan for customerObtaining credit begins with you. After you complete a credit application, the lender decides if you are a good risk. Agencies that collect credit information about individuals are called credit bureaus. For a fee, they provide information about you that lenders need to decide if you are a good risk. The information you provide on your application is checked against the information the credit bureaus have collected about you. Why is your credit application approved or denied? DENIED 0000 SORRY! to you fra C cand hand Collateral Physical appearance Character Political affiliation Marital status Capacity e yo yhing ring you Bestar lates Onge y Bad news-your credit application was denied. What are the major factors about you that the lender used to evaluate your creditworthiness? Check all that apply. Select reasons why you were probably turned down for credit. Check all that apply. Large amount of available credit relative to income False or misleading information on your application…Advantage and disadvantages of letters of credit and bankers acceptance. The answer should be typed not hand written. and thank you..
- Which of the following is NOT one of the 3 Credit bureaus? a. Experian b. Equifax c. Equaltax d. Transunion i don't need explanation just the answer ASAP1. In a Loan Management System, the loan applicant will have to submit these requirements including the loan application form. In a scenario where the loan applicant has incomplete requirements, what do you think is the error when this is translated to DFD? A. Black Hole B. Grey Hole C. Miracle D. Spontaneous Generation 2. XYZ Company has been using a records management system to track where their documents are being delivered and processed. Since the use of this system, they have saved time, have been more productive and efficient. These benefits produced by the system are known as what? A. Economic Benefits B. Intangible Benefits C. Operational Benefits D. Tangible BenefitsDescribe two advantages of using credit cards. ..... Choose the correct answer below. O A. Relatively low interest rates on unpaid balances and convenience of use. B. You get to use a product before actually paying for it and it provides a source of temporary emergency funds. C. May provide amenities and difficulty to overspend. D. Lack of caps on interest rates and fees.
- 9. A Co-operative bank QLB grants loans under the following conditions. - (a) If customer has an account witbank and has no loan outstandingwill be granted.(b) If customer has an account with thebank but some amount is outstandingfrom previous loan, then loan will begranted if special arrangementapproval is obtained.(c) Reject loan applications in all other cases. Draw Decision Tree and Table for the bank. 10. Suppose you are the manager of aclothing store with 10 salespersons.Devise the steps that will pay salesbonus of 5% of total sales to salespersonswho sell (5 million worth of clothes.Represent the algorithm in flowchart.In which of the following ways do Fedwire payments differ from ACH payments? 1. Fedwire payments are always credit push. 2. Fedwire is an electronic payment method. 3. Fedwire payments typically cost the payer more to send. Give typing answer with explanation and conclusionTrue or false: An example of a soft inquiry would be a credit card company looking into your credit history to determine if they will approve you for their credit card or not. True False