Patrick Invested $55,000 and Borrowed $105,000 for an Investment Worth

question 103

Multiple Choice

Patrick invested $55,000 and borrowed $105,000 for an investment worth $160,000.What was the loan-to-value ratio?

• A)48 percent
• B)66 percent
• C)34 percent
• D)52 percent

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Definitions:

Unemployment Problem

The issue arising from a significant portion of the workforce being without jobs, affecting economic stability and individual livelihoods.

Blaming The Victim

A social phenomenon wherein the victim of a crime or any wrongful act is held entirely or partially responsible for the harm that befell them.

Blaming The System

A perspective that holds that systemic discrimination exists within the social system.

Social Policy

A government's course of action designed to influence the welfare and well-being of its citizens, through interventions in areas such as health, education, and social security.