Ask Question
HistoryHistory
10 October, 05:06

Which best describes the economic impact of defaulting on bank loans?

+5
Answers (1)
  1. 10 October, 05:26
    0
    The banking industry has been of much importance in an economic system because it provides financial sustenance to the consumers through bank loans. However, if these bank loans get defaulted, " the economy suffers because banks have less money to loan to others."
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which best describes the economic impact of defaulting on bank loans? ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The industry that was one of the first to industrialize Europe and the United States was the textile industry. the meatpacking industry. the steel-manufacturing industry. the automobile-manufacturing industry.
Answers (2)
The Cumberland Gap A is located on the border of the Mississippi River. B was located in 1750 by Daniel Boone, the first American to do so. C is another name for the Wilderness Road. D was created by a stream running through the Appalachians.
Answers (1)
In both early Christian and Muslim societies A. women acted as religious leaders B. men held a greater status then women C. only men were allowed to practice religion D. men and women were viewed as equal
Answers (1)
What forces led to the nativist movement
Answers (1)
True or false the play is set in grover's corners, new hampshire, may 7, 1938. in our town act one
Answers (1)
New Questions in History
Which of the following best describes how the idea of Manifest Destiny affected demographic changes in the United States during the 19th century? O A. It resulted in large numbers of white Americans relocating from east to west. O B.
Answers (1)
What geographic reason explains why the capital was moved to Columbia in 1790?
Answers (1)
Who was president during the Spanish-American War? a. Benjamin Harrison b. Andrew Johnson c. William McKinley d. Chester Arthur Which statement about the Federal Reserve System is true? a. It is controlled by a congressional committee. b.
Answers (1)
Which word below would best complete the following sentence, based on the connotation the building designs for the new high school auditorium were___, and included soundproof panels, an orchestra pit, and state-of-the-art computer technology 1.
Answers (2)
Check all the economic motives for imperialism 1. Global prestige 2. Naval bases 3. New markets 4. Missionary spread Christianity 5. Raw materials 6. Social Darwinism
Answers (1)
Home » History » Which best describes the economic impact of defaulting on bank loans?
Sign Up Forgot Password?