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Explain macroeconomics objectives from the conventional perspective?
Explain macroeconomics objectives from the conventional perspective?
What is conventional economic principles?
Demand & supply
What are advantage and disadvantage of trade bank?
High interest means that the interest is high, low interest means the interest is low
How does the real interest rate relate to the nominal interest rate?
A real interest rate and a nominal interest rate are quite similar. The only real difference between the two interest rates are that a nominal interest rate include the cost of inflation where as the real interest rate does not.
When is the pursuit of self-interest in the social interest?
when something of your self interest benefits the society.
What are the difference between interest free and conventional banking system?
difference between interest and interest free financing
What is the difference between interest only financing and conventional financing?
The difference between interest only financing and conventional financing is that you are able to make money without any investment on an interest only account only by depositing a maximum amount in an account which you leave for a set period of time where interest will accumulate. Conventional banking is used for more day to day banking purposes.
What is the conventional bank?
A conventional bank is a financial institution that offers a wide range of banking services, including savings and checking accounts, loans, and mortgages, primarily operated under a profit-driven model. These banks generate revenue through interest on loans and fees for services, adhering to traditional banking regulations. They typically rely on interest rate spreads, where the interest earned from loans exceeds the interest paid on deposits. Conventional banks do not engage in Islamic banking principles, which prohibit earning interest.
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
Is one of the advantages of getting a government sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
What is alternative financing?
Alternative financing is financing that has a higher interest rate and is not considered conventional or first tier. It is procured from lenders that charge fees and higher interest rates.
Define conventional banking?
Conventional banking is when there are loans given out to people at a fixed interest rate. The borrower has more time to pay them back but they do end up paying more than originally borrowed.
Do term deposit rates pay more interest than a conventional savings account?
"Yes, term deposit rates do pay more interest than a conventional savings account because you basically lock in your money to this account for a fixed amount of time, assuring your bank that you will not withdraw the money in the set amount of time."
What is significance of comparison between the Islamic banking and conventional banking?
Islam forbids the charging and paying of interest, so many Islamic banks use some sort of fudge to get around 'interest'.
What is the difference between VA mortgage loan interest rate and conventional rates?
VA rates are about the same as FHA. FHA is about the same as conventional or within .25% of conventional. The key with VA is that you don't have any mortgage insurance premiums as you would with FHA and conventional loans when putting a downpayment of less than 20% when purchasing a home. VA is also a zero downpayment loan.
What stages does kohlberg believes adults are?
Lawrence Kohlberg proposed that adults progress through six stages of moral development, grouped into three levels: pre-conventional, conventional, and post-conventional. In the pre-conventional level, individuals make moral decisions based on self-interest and consequences. The conventional level focuses on societal norms and the approval of others, while the post-conventional level involves abstract reasoning and principles of justice, where individuals may challenge societal rules for ethical reasons. Most adults typically operate within the conventional level, but some may reach the post-conventional stage.
What is pre-conventional thinking?
Pre-conventional thinking is a stage of moral development where individuals base their ethical decisions on self-interest and avoiding punishment. This stage is characterized by a focus on rewards and consequences, with limited consideration for ethical principles or the needs of others.
