
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
النسخة 18الرقم المعياري الدولي: 9780073365954
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
النسخة 18الرقم المعياري الدولي: 9780073365954 تمرين 3
If money is not an economic resource, why is interest paid and received for its use What considerations account for the fact that interest rates differ greatly on various types of loans Use those considerations to explain the relative size of the interest rates charged on the following:
a. A 10 year $1000 government bond.
b. A $20 pawnshop loan.
c. A 30-year mortgage loan on a $145,000 house.
d. A 24 month $12,000 commercial bank loan to finance the purchase of an automobile.
e. A 60 day $100 loan from a personal finance company.
a. A 10 year $1000 government bond.
b. A $20 pawnshop loan.
c. A 30-year mortgage loan on a $145,000 house.
d. A 24 month $12,000 commercial bank loan to finance the purchase of an automobile.
e. A 60 day $100 loan from a personal finance company.
التوضيح
Money is not an economic resource becaus...
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
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