What are foreclosures? When do such situations occur?
What will be an ideal response?
Answer: Situations in which lenders take possession of homes after borrowers default on their mortgage payments are referred to as foreclosures. Foreclosures increase when defaulting increases. Defaulting will be more if a bank issues more subprime loans.
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Which of the following marketing strategies requires either identifying additional opportunities to use the brand in the same basic way or identifying completely new and different ways to use the brand?
A) increasing the amount of consumption B) decreasing the level of consumption C) increasing dedication to consumption D) increasing product innovation E) increasing frequency of consumption
Each state has ________ senator(s) in the U.S. Senate.
A. a variable number of B. two C. one D. five
All of a business's temporary accounts appear on the income statement.
Answer the following statement true (T) or false (F)
"Wa," or harmony, is an essential element of Japanese culture and is reflected in the importance of relationship and teamwork in business operations. Canadian businesspersons must understand that they are outsiders within this system. The Japanese operate under ________ capitalism.
A) frontier B) conventional C) producer D) consumer E) family