A financial claim is an "IOU" from a deficit spending unit.
Correct Answer:
Verified
Q7: Direct finance requires a more or less
Q8: In the modern financial system, there must
Q9: "Futures contract" and "forward contract" are identical
Q10: Pension funds transfer spending power from the
Q11: A surplus spending unit (SSU) must hold
Q13: Liabilities of financial intermediaries often include commercial
Q14: Businesses are never deficit spending units (DSUs).
Q15: Commercial banks often lend to businesses in
Q16: A household is a surplus spending units
Q17: Every financial claim appears on two balance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents