Refer to the scenario above. After a year, the interest payments by the bank will be ________

An upper limit to the quantity of a good that may be produced in a specific period is called

A) production quota B) import quota C) price ceiling D) price floor

Limited commitment means

A) one cannot credibly promise something. B) one saves only part of what is optimal. C) only some households are allowed to save. D) there is rationing on the credit market.