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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 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.
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'.
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 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 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.
What is the difference between a fixed loan and a conventional loan?
A fixed loan and a conventional loan are related but refer to different aspects of a mortgage. Fixed Loan (Fixed-Rate Mortgage): A fixed loan refers to a mortgage with a fixed interest rate that remains unchanged throughout the loan term. Common terms include 15, 20, or 30 years. Provides predictable monthly payments, making budgeting easier for borrowers. Can be conventional or government-backed (FHA, VA, USDA). Conventional Loan: A conventional loan is a non-government-backed mortgage, meaning it is not insured by FHA, VA, or USDA. Can have a fixed or adjustable interest rate. Typically requires a higher credit score and larger down payment than government-backed loans. Subject to loan limits set by Fannie Mae and Freddie Mac. Key Difference: A fixed loan refers to the interest rate structure (unchanging rate). A conventional loan refers to the type of mortgage (non-government-backed). A conventional loan can be fixed (fixed-rate conventional loan) or adjustable (ARM – Adjustable Rate Mortgage).
What are the options for low interest home refinance loans?
The options for low interest home refinance loans include conventional loans, FHA loans, VA loans, and USDA loans. These loans offer competitive interest rates for homeowners looking to refinance their mortgages at a lower rate.
