A default happens when a:
A. borrower fails to pay back a loan according to the agreed-upon terms.
B. lender fails to allot money according to the terms set by the government.
C. borrow pays back a loan early.
D. bank fails to have enough cash on hand to give all depositors their money.
Answer: A
Economics
You might also like to view...
Corporations obtain funds when their previously issued stock is traded
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following terms describes the process in which the exchange rate equalizes the prices of internationally traded goods across countries?
a. purchasing power parity b. exchange c. profiteering d. arbitrage
Economics