QUESTION IMAGE
Question
- credit cards that offer flashy rewards like airline miles often... charge a high annual fee dont include protection against fraud cant be used for personal expenses have no interest fees 18. which is an example of an appreciating asset? a computer used for business purposes. a piece of farming equipment. a new car purchased within the past 6 months. a home. 19. when you buy with credit, you typically spend more than you would with cash or a debit card. true false 20. predatory lenders get their negative reputation from... discreetly selling personal bank information limiting the amount of time a borrower has to use a loan taking advantage of people during the great depression charging high fees for loans and targeting desperate people
Brief Explanations
- Credit cards with flashy rewards like airline miles often come with a high annual fee to cover the cost of those rewards.
- A home is typically an appreciating asset over the long - term as property values often increase. Computers, farming equipment, and new cars usually depreciate.
- When using credit, people tend to spend more because they are not immediately parting with physical cash, which can lead to a false sense of affordability.
- Predatory lenders are known for charging high fees for loans and targeting people in desperate financial situations.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
- Charge a high annual fee
- A home
- True
- Charging high fees for loans and targeting desperate people