Which of the following is NOT true of a fixed payment loan?
A) The borrower is required to make regular periodic payments to the lender.
B) The payments made by the borrower include both interest and principal.
C) The borrower is left with a substantial unpaid principal at the maturity of the loan.
D) A home mortgage is an example of fixed payment loan.
C
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The government debt is the difference between the current level of total expenditures and revenues
Indicate whether the statement is true or false
According to your textbook, efforts to free Sudanese slaves by buying them in the open market actually
A) increased supply of slaves, which lowered slave prices and increased the size of the slave market. B) increased demand for slaves, which increased slave prices and increased the size of the slave market. C) decreased supply of slaves, which increased slave prices and decreased the size of the slave market. D) decreased demand for slaves, which decreased slave prices and decreased the size of the slave market.