Why seeking out an individual saver to borrow money

Reference no: EM133659652

Problem: As a first-year student, you need to borrow £40,000 in order to finance your university education. You intend to repay this loan over time after you graduate. Explain why seeking out an individual saver to borrow money from could be problematic. Then identify which service a bank provides to the economy that eliminates this problem.

Reference no: EM133659652

Questions Cloud

What will happen to the number of firms in the market : The figure below depicts short-run market equilibrium in a perfectly competitive market. What will happen to the number of firms in this market in the long run?

Exception of the company inventories : David's inventories on January 1, 2022 were estimated to have a fair value that was $16,000 higher than their book value

Research the arguments for and against free trade : Research the arguments for and against Free Trade and decide which side of the argument you find yourself supporting. Write statement to describe your position.

Determine depreciation ex- pense for all fixed assets : Since the software was placed into service close to the beginning of the month, you decide to go ahead and take a full month of depreciation for January

Why seeking out an individual saver to borrow money : You intend to repay this loan over time after you graduate. Explain why seeking out an individual saver to borrow money from could be problematic.

How much operating income would be reported by extravagant : How much Operating Income would be reported by Extravagant for the year-ended December 31, 2024? Show your calculations.

Which would benefit both the us and china : The USA is better at growing corn and wheat than China and exports many agriculture products to China. Which would benefit both the US and China?

How much tax will jessen owe if he completes : How much tax will Jessen owe if he completes the Roth conversion using funds from his traditional IRA to pay the taxes due, contributing what's left over

Discuss changes in student demographics : Discuss changes in student demographics and attitudes towards accounting, efforts to boost enrollment, necessary curriculum updates, and the role of practitione

User Account

All Pages