Debt service is the amount:
A. of time and energy banks spend creating loans.
B. of interest payments that need to be paid over the life of a loan.
C. the nation is in debt, expressed as a percent of GDP.
D. that consumers have to pay for their debts.
D. that consumers have to pay for their debts.
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The formula for the computation of labor productivity is
A) nominal GDP/number of workers. B) real GDP/number of workers. C) nominal GDP/population. D) real GDP/population.
Nationwide banking might reduce bank failures due to
A) reduced competition. B) reduced lending to small businesses. C) diversification of loan portfolios across state lines. D) elimination of community banks.
Which of the following cities does not have a Federal Reserve Bank located in it?
A. Denver B. San Francisco C. Atlanta D. Chicago
Positive externalities are created when
A) other consumers reduce their demand for coffee and price thereby declines. B) farmers spray pesticide in their fields and it washes into the local river after the first rainstorm. C) your neighbor plants beautiful trees and flowers in her yard. D) you purchase the "Mona Lisa" and lock it in a vault.