Failure to pay back a loan:
a. collude
b. collateral
c. default
d. accelerate
Answer: c. default
You might also like to view...
All of the following explain why purchasing power parity does not completely explain long-run fluctuations in exchange rates except
A) some countries impose barriers to trade. B) not all goods and services produced in any country are traded internationally. C) most countries have free markets with little, if any, government regulation. D) consumer preferences for goods and services differ across countries.
Rational slave owners had economic incentive to adequately clothe, feed and care for their slaves
Indicate whether the statement is true or false
Which of the following is most critical for the maintenance of an efficient and productive economy?
a. Money backed by gold or silver b. Steadily rising prices c. An unlimited and unregulated supply of money d. A properly functioning monetary system e. A well-organized barter system
If a government has an active surplus and is below full employment, then:
a. The actual deficit must be less than the passive deficit. b. The actual deficit must be greater than the passive deficit. c. The actual deficit must be greater than the active surplus. d. Fiscal policy must be stimulatory and moving the nation closer to full employment.