The market where banks make loans to borrowers is called the primary loan market, while the market in which these loans are bought and sold by ______________ institutions is the secondary loan market.

a. retail
b. financial
c. debtor
d. secondary


b. financial

Economics

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How is the market demand curve for new capital derived?

What will be an ideal response?

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As incomes rise, the income elasticity of demand for food

a. falls below one b. becomes equal to one c. rises above one d. remains stable e. cannot be calculated

Economics

Income elasticity relates to

A) a movement down a demand curve. B) a movement up a demand curve. C) a horizontal shift in a demand curve. D) the percentage change in quantity demanded divided by the percentage change in the price.

Economics

If the MPC were to increase from 0.75 to 0.8, then the spending multiplier would:

A. increase from 4 to 5. B. decrease from 5 to 4. C. increase from 0.2 to 0.25. D. decrease from 1.25 to 1.2.

Economics