Which of the following statements is not true?
A. Most automobile loans are secured loans.
B. Home mortgage loans are secured loans.
C. Credit card loans are secured.
D. Secured loans usually carry less risk than unsecured loans.
Answer: C
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Entry barriers are most significant in
A) pure competition. B) monopolistic competition. C) oligopoly. D) pure monopoly.
What is the difference between elastic and inelastic demand? Use examples to explain your answer
Which of the books used at the FOMC meetings contains a discussion of financial markets and current policy options?
A. The Beigebook B. Both the Beigebook and Greenbooks C. The Tealbook D. The Greenbook
When quantity demanded decreases at every possible price, the demand curve has
a. shifted to the left. b. shifted to the right. c. not shifted; rather, we have moved along the demand curve to a new point on the same curve. d. not shifted; rather, the demand curve has become flatter.