José is putting money for college in a savings account. The bank then makes this money available to business borrowers. In essence:
a) José is supplying loanable funds for business investment.
b) José is demanding loanable funds.
c) The interest rates that businesses pay are independent of the actions of suppliers of funds, such as José.
d) Financial markets are not performing the role of an intermediary.
Ans: a) José is supplying loanable funds for business investment.
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A public good or service can be consumed by paying and nonpaying customers alike
a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
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