Consider the market for credit. When the demand for credit increases while the supply of credit remains unchanged,
A) the interest rate will decrease and the amount of credit provided in the market will increase.
B) the interest rate will increase and the amount of credit provided in the market will increase.
C) the interest rate will decrease and the amount of credit provided in the market will decrease.
D) the interest rate will increase and the amount of credit provided in the market will decrease.
B
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A consumer values a house at $525,000 and a producer values the same house at $485,000 . If the transaction is completed at $510,000 . what level of tax rate will result in unconsummated transaction?
a. 1% b. 5% c. 3% d. 2%
The members of the Federal Reserve Board of Governors serve:
a. 6-year terms. b. 4-year terms. c. 10-year terms. d. 14-year terms. e. 2-year terms.