When Bank of America finances your purchase of a new car, you are
A) borrowing in the stock market.
B) lending in the bond market.
C) lending in the capital market.
D) borrowing in the loan market.
E) borrowing in the bond market.
D
Economics
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You won the "$1,000 per year forever" lottery. You decided to convert such prize into a lump sum payment. The interest rate is 2% per year. How much is this lump sum payment?
A) $25,000 B) $1,000 C) $50,000 D) $365,000
Economics
Which of the following effects best explains the downward slope of the aggregate demand curve?
A. A multiplier effect B. An expectations effect C. A substitution effect D. An interest-rate effect
Economics