Refer to the above graph of the supply and demand for loanable funds. Assume that the government sets a 10% limit on the interest rate that banks can charge to customers for credit card loans. In this case, the quantity of loanable funds:
A. Demanded will exceed the quantity supplied by $150 billion
B. Demanded will exceed the quantity supplied by $100 billion
C. Demanded will exceed the quantity supplied by $50 billion
D. Supplied will exceed the quantity demanded by $50 billion
B. Demanded will exceed the quantity supplied by $100 billion
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The first documented distillation of alcohol was the conversion of wine into brandy during the Middle Ages, which became known in Latin as aqua vitae ("the water of life")
a. True b. False
Open groups are relatively ________.
A. conformist B. heterogeneous C. resultant D. homogeneous E. elitist
The United States imposes which of the following sanctions against state sponsors of terrorism?
a. Bans on arms-related exports and sales. b. Prohibitions on economic assistance. c. Both “a” and “b”. d. “a” but not “b”.
Yakuza members are usually well-educated, white-collar professionals
Indicate whether the statement is true or false