首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
How Do American Consumers Borrow ? Young consumers often have not established their credit ratings. Many do not have steady inco
How Do American Consumers Borrow ? Young consumers often have not established their credit ratings. Many do not have steady inco
admin
2009-06-15
108
问题
How Do American Consumers Borrow ?
Young consumers often have not established their credit ratings. Many do not have steady incomes. They might have difficulty borrowing money from an agency in business to make loans. Parents or relatives are usually their best source of loans. Of course, the parents or relatives would have to have money available and be willing to lend it. You might even get an interest-free loan. However, a parent or relative who lends should receive the same interest as any other lender.
There are disadvantages in borrowing from parents or relatives. One is that they may not insist on you paying back the money by a certain time. As a result, you might let the loan drag on. This is especially true if you are not required to pay interest. This is not a way to develop good credit habits.
For most consumers, the cheapest place to borrow is at a commercial bank. Banks are a good source of installment loan which may run for 12 months or up to 30. Most banks also make single-payment loans to consumers for short periods--30,60 ,or 90 days.
The newest type of bank loan is one that a depositor can get simply by writing a check. It is usually called something like "ready credit" or "reserved checking." It works like this. A depositor is given a limited amount of credit, usually between $500 and $1,000. He or she may write checks up to the amount allowed. Once a check has been written, the amount of the check becomes a loan. Usually no charge is made for interest until the loan is made. A typical interest rate is 3 cents per $100 per day, or just under I percent a month. Suppose that you used $100 of your credit and repaid it in 30 days. The cost would be 90 cents. If you repaid it in 10 days, the cost would be only 30 cents.
The advantage of borrowing from a bank is that banks generally charge lower rates than most other lenders. One reason is that banks have more strict credit requirements than most other lenders. A consumer must have a fairly good credit rating to get a bank loan.
选项
A、have difficulty borrowing from their parents or relatives
B、can’t get an interest-free loan from their parents or relatives
C、always borrow money from an agency
D、usually borrow from their parents or relatives
答案
D
解析
转载请注明原文地址:https://kaotiyun.com/show/KThd777K
本试题收录于:
职称英语理工类基础题库职称英语分类
0
职称英语理工类基础
职称英语
相关试题推荐
ThanksgivingDayTheAmericanThanksgivingDaycelebrationgoesbackto1621.Inthatyear,aspecialdinnerwaspreparedin
WhathappenedtoPetelastFourthofJuly?TheAmericanAcademyofOphthalmologycallsonconsumersto
AWhatCouldBeDonewithMoreMoneyBEstablishmentoftheAmericanCancerSocietyCSignificanceofFundedResearchDOthe
AWhatCouldBeDonewithMoreMoneyBEstablishmentoftheAmericanCancerSocietyCSignificanceofFundedResearchDOthe
CharterSchoolsAmericanpubliceducationhaschangedinrecentyears.OnechangeisthatincreasingnumbersofAmericanparents
CharterSchoolsAmericanpubliceducationhaschangedinrecentyears.OnechangeisthatincreasingnumbersofAmericanparents
CharterSchoolsAmericanpubliceducationhaschangedinrecentyears.OnechangeisthatincreasingnumbersofAmericanparents
随机试题
因不可抗力耽误法定申请期限的,申请期限自障碍消除次日起继续计算。()
某企业近期向市儿童福利院无偿捐赠人民币10万元,为听力障碍儿童购买助听器,以展示企业社会责任。该企业的捐款动机属于()。
Iamoftenaskedtodescribetheexperienceofraisingachildwithadisability.Itislikethis.【C1】______youaregoingtohav
肛裂最主要的症状是
有效控制工程造价应体现以()为重点的建设全过程造价控制。
背景资料:A施工单位承建某新建单线铁路隧道,隧道全长1280m。根据设计图纸,进口段50m埋置较深,出口段30m埋置较浅,设计围岩级别均为Ⅴ级,石质比较破碎。洞身部分除进、出口段外围岩级别主要为Ⅱ级,局部节理较发育地段围岩级别为Ⅲ级,地下水不发
汇票的三个基本当事人,包括付款人、收款人和()。
确立和实践社会主义核心价值体系,必须以全体社会成员的法制意识为基础。()
窗体上有一个名称为Text1的文本框,一个名称为Command1的命令按钮。要求编写一个程序,统计文本框中0-9各数字字符的个数。某人编写如下程序:PrivateSubCommand1_Click()Dimcount(10)AsInt
Forthispart,youareallowed30minutestowriteacompositionentitledShouldGraduatesSpendMuchonJobhunting?Youshould
最新回复
(
0
)