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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It was a team of economist employed by Hoover to fix the resolve the stock market crash.
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It was the think tank that created FDR’s economic policy
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Workers who did not earn enough money and had to take loans or easy credit
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None of the above
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Detailed explanation-1: -Reasons for Paying Interest Lenders demand that borrowers pay interest for several important reasons. First, when people lend money, they can no longer use this money to fund their own purchases. The payment of interest makes up for this inconvenience. Second, a borrower may default on the loan.
Detailed explanation-2: -Cooperative Credit Societies can accept deposits from their members but not from the general public. The Reserve Bank regulates the deposit acceptance only of banks, cooperative banks and NBFCs.
Detailed explanation-3: -Finance can be divided broadly into three distinct categories: public finance, corporate finance, and personal finance. More recent subcategories of finance include social finance and behavioral finance.
Detailed explanation-4: -A demand loan is a loan that a lender can require to be repaid in full at any time. This condition is understood by the lender and the borrower from the outset.