THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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bull market
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buying on margin
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installment buying
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consumer revolution
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Detailed explanation-1: -1. Installment credit. Installment credit is a loan that offers a borrower a fixed, or finite, amount of money over a specified period of time. This way, the borrower knows upfront the number of monthly payments, or “installments, ” they will need to make and how much each monthly payment will be.
Detailed explanation-2: -Instalment payments refer to a customer paying a bill in small portions throughout a fixed period of time. Instalment payments are a payment plan arranged between the buyer and the seller.
Detailed explanation-3: -An equated monthly installment (EMI) is a fixed payment made by a borrower to a lender on a specified date of each month. EMIs are applied to both interest and principal each month so that over a specified time period, the loan is paid off in full.