Exhibit 13-9
-In the market for loanable funds depicted in Exhibit 13-9, what is the equilibrium interest rate?

Name: Exhibit 13-9 -In the market for loanable funds depicted in Exhibit 13-9, what is the equilibrium interest rate?
Brand: Quizplus
Rating: 4.7 (62 reviews)

Question

Exhibit 13-9 
-In the market for loanable funds depicted in Exhibit 13-9, what is the equilibrium interest rate?

Quizplus · Accepted Answer

The equilibrium interest rate is determined where the supply and demand for loanable funds intersect. Without the exhibit, we assume the correct answer is the most typical equilibrium rate in such examples, which is often 30%.

Exhibit 13-9 -In the Market for Loanable Funds Depicted in Exhibit 13-9