In the instances where a loan has been issued under certain terms and has to be repaid, what happens when the borrower does not uphold these stipulations?
A) call
B) option
C) payment
D) default
E) fraud
D
You might also like to view...
When the Lorenz curve shifts closer to the diagonal, it indicates that
a. the rich are getting richer and the poor are getting poorer b. total income is rising c. the distribution of income is becoming more equal d. the population is decreasing e. the prices of goods that make up the Lorez curve are rising
If an exclusive union is successful in restricting the supply of labor, the:
A. wage rate will rise. B. quantity of labor demanded will rise. C. number of job opportunities in the firm or industry will increase. D. demand for labor curve will shift leftward.
Recall the Application about setting the price of tickets for Major League Baseball games to answer the following question(s).According to the Application, due to the marginal revenue from ticket sales for a typical Major League Baseball team, the team could increase total revenue from ticket sales by ________ the price of tickets and ________ the quantity of tickets sold.
A. increasing; increasing B. increasing; decreasing C. decreasing; increasing D. decreasing; decreasing
In new Keynesian theory, the pattern of inflation exhibited by an economy with growing aggregate demand known as inflation dynamics is
A) initially sluggish upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future. B) initially sluggish downward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. C) initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. D) initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future.