1. FORGIVENESS - Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn't complete the course due to no fault of her own, Cheryl need not pay back the loan.
2. DEFAULT - Tom got a student loan to pursue a nursing science degree. But he couldn't manage his money well enough, due to which he was unable to pay back his loan.
3. WORK-STUDY - Sam is pursing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay a few educational expenses.
Answer: Nominal interest rate.
Explanation:
Nominal interest rate is the interest rate before inflation is taken into account.
Nominal interest rate is also the advertised or interest rate stated on a loan, without adding any other fees or compounding the interest.
The nominal interest rate is quoted on bonds, loans etc. It is the advertised rate without taking into cognisance inflation, inflation, taxation and compounding interest.
Answer:
A Common Market
Explanation:
A Common Market is the one where a group is created or established by countries within the area of geographical in order to encourage the duty free trade as well as the free labor movement and also the capital among the members. In the market, it imposes a common external tariff on the imports.
So, in this market, members eliminate the barriers of trade and adopt or follow the common policy.
Answer:
0987654 im
Explanation:
just doing this for points
Explanation:
A communication barrier is an obstruction which put off a message to be understood correctly by the receiver. Communication barrier prevents other person from fully understand the meaning conveyed in the message or the information, thoughts or ideas transferred to the other person. Following are the situations with the appropriate communication barriers in each situation.
1) First Situation
C) Lack of Assumptions.
2) Second Situation
A) Lack of Respect
3) Third Situation
B) Inadequate Feedback