Loanable funds refers to
A) only those funds loaned from one bank to another.
B) only those funds loaned to banks by the Federal Reserve.
C) only those funds loaned by banks to private individuals.
D) all those funds changing hands between lenders and borrowers in the bond market.
D
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A free market is a market:
A) that has price controls imposed by a ruling authority. B) where almost all exchanges take place involuntarily. C) where determination of equilibrium quantity is free from the forces of demand and supply. D) that operates with little or no government control.
Using the data in the table above, what is the value of GDP?
A) $13,516 billion B) $10,679 billion C) $9,541 billion D) $8,403 billion
Skill-biased technical change is:
A. economic growth that derives from, and therefore benefits disproportionally, the highly-skilled, highly educated workers in a society. B. the change in technology that has caused many jobs to shift away from the service sector to the technology sector. C. the changing makeup of workforces in countries with large amounts of technology. D. None of these is true.
An item purchased often by the same buyer is known as a
a. frequent transaction good. b. repeat-purchase item. c. free rider good. d. public good.