Suppose you decide to borrow money from an online peer-to-peer lending site
On the T-account for the lending site for this transaction, the funds from the investor who chooses to fund the loan would be classified as ________, and the loan made to you would be classified as ________.
A) a liability; an asset B) an asset; a liability
C) an asset; an asset D) a liability, a liability
A
You might also like to view...
Competition can be beneficial in the public sector because _____
a. it leads to governments going out of business b. comparison gives some clue as to whether a government is operating efficiently c. it eliminates a prisoners' dilemma problem d. a and c
The percentage of all sales contributed by the leading four or leading eight firms in an industry is known as
A) a horizontal merger. B) a vertical merger. C) economies to scale. D) the concentration ratio.
National income is equal to
A) personal income minus personal taxes. B) GDP minus depreciation. C) disposable personal income plus depreciation plus personal taxes. D) GNP plus depreciation.
tax revenues vary:
In the graph above
A. Directly with the level of GDP
B. Inversely with the level of GDP
C. Directly with the level of government spending
D. Inversely with the level of government spending