Which of the following is NOT a fixed payment loan?
A) a home mortgage
B) a car loan
C) a U.S. Treasury note
D) a student loan
C
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If production is given by Q = KL, doubling both inputs
a. more than doubles output. b. exactly doubles output. c. increases output but does not double it. d. leaves output unchanged.
The gold standard prevented a nation from controlling its domestic economy through monetary policy
a. True b. False Indicate whether the statement is true or false
The ________ phase of the business cycle follows a recession
a. recession b. peak c. expansion d. trough
Derived demand:
A. is the sum total of all factors of production for a given good or service. B. is only computed for the long-run demand decisions based on short-run marginal changes. C. refers to the demand for variable inputs when at least one fixed input exists. D. refers to the supply decisions of a final good influencing the demand for the inputs needed to make it.