When a student uses a credit card to buy an iPod, the student is
A) borrowing in the bond market.
B) borrowing in the loan market.
C) lending in the stock market.
D) lending in the bond market.
E) lending in the loan market.
B
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If the Fed has announced that it plans on increasing the interest rate it will
A) engage in contractionary open market operations, thereby decreasing the money supply. B) engage in expansionary open market operations, thereby decreasing the money supply. C) engage in expansionary open market operations, thereby increasing the money supply. D) engage in contractionary open market operations, thereby increasing the money supply.
According to ________, people are often risk averse when it comes to gains and risk preferring when it comes to losses
A) prospect theory B) the reflection effect C) the certainty effect D) the framing effect