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Which rights are necessary for entrepreneurs to obtain credit and capital? People who want to obtain 1)______ from financial institutions can use their 2)_____ rights to do so. 1- a) credit b) goods c) services 2- a) economic b) political c) property

Mindee Nelson

in Business

1 answer

1 answer

Ronald Miller on March 17, 2018

The correct options are as follows:A. There are many regulations that have been put in place by the government in order to allow entrepreneurs to obtain credit and capital.One of such regulation is Equal Credit Opportunity Act. This law was enacted in the united states in October 1974 with the aim of preparing the way for the business of individuals to obtain loans. The law states that it is unlawful for any creditor to discriminate against any credit applicant on the basis of color, race, religion, etc B. The full sentence is this:People who wish to obtain credits from financial institutions can use their PROPERTY rights to hacerlo.De credit as used in this context refers to the loans, which one you want to use to carry out a particular business activity. Such loans are usually obtained from commercial banks and other credit institutions. Individuals who are loans in this way, to pay the interest on the loans that are been given to them.Property right refers to the legal ownership of a particular property. Some banks and lenders generally require the loan applicants to use their properties as a guarantee that they will pay the money they ask for. In case of not being able to return the money, their properties will be sold and the money used to replace the borrower.

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