An "unsecured" loan is one
A) with no stated collateral.
B) that is pending approval by a bank loan committee.
C) which has collateral.
D) in which the borrower is delinquent in loan payments but has not formally defaulted on.
A
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Refer to Figure 19-4. The equilibrium exchange rate is originally at A, $3/pound. Suppose the British government pegs its currency at $4/pound
Speculators expect that the value of the pound will drop and this shifts the demand curve for pounds to D2. If the government abandons the peg, the equilibrium exchange rate would be A) $4/pound. B) $3/pound. C) $2/pound. D) less than $2/pound.
Actual investment is the:
A. investment a firm makes into stocks and bonds in order to generate profit. B. amount that firms really allocated to new capital resources and inventory accumulation. C. spending households engage in based on forecasted budget. D. amount that firms actually allocate to inventory accumulation.
The United States imports garments from third world countries. This means that if the U.S. economy were closed, the domestic price of goods would be ________ the world price of garments.
A. less than B. equal to C. greater than D. close to
If the Fed wished to decrease inflation, it could:
A. increase the reserve requirement or conduct an open market sale. B. increase the reserve requirement or conduct an open market purchase. C. decrease the reserve requirement or conduct an open market sale. D. decrease the reserve requirement or conduct an open market purchase.