An asset used to secure a loan is called.
A. collateral.
B. a retainer.
C. a down payment.
D. an investment.
A. collateral.
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The CPI stands for
A) Citizens Paying Index. B) Corporate Pricing Index. C) Consumer Paying Index. D) Consumer Price Index. E) Corporate/Consumer Payment Index.
If there is a surplus of tacos, then the
A) quantity of tacos demanded equals the quantity of tacos supplied. B) quantity of tacos demanded is greater than the quantity of tacos supplied. C) quantity of tacos demanded is less than the quantity of tacos supplied. D) market is at equilibrium. E) supply curve of tacos will shift leftward to eliminate the surplus.
Explain why a government would impose an import tariff when domestic consumers suffer more than producers gain
What will be an ideal response?
When the price of a good is above its equilibrium price, a:
a. surplus puts upward pressure on the price. b. surplus puts downward pressure on the price. c. shortage puts upward pressure on the price. d. shortage puts downward pressure on the price.