2. The credit system today is structured to accommodate a state of uncertaln employment and Income Instability, utllizing high Interest rates and fees to turn huge profits. True False

Question

2. The credit system today is structured to accommodate a state of uncertaln employment and Income Instability, utllizing high Interest rates and fees to turn huge profits. True False

Answer 1

FalseThe credit system today is structured to accommodate a state of uncertain employment and income instability, but it does not necessarily utilize high interest rates and fees to turn huge profits. While it is true that the credit system can be used to generate profits, it is not accurate to say that high interest rates and fees are the primary means of doing so. The credit system is designed to provide individuals and businesses with access to funds to meet their financial needs, and the terms of credit can vary depending on the specific circumstances of the borrower and the lender.

Problemas

2. The credit system today is structured to accommodate a state of uncertaln employment and Income Instability, utllizing high Interest rates and fees to turn huge profits. True False

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