When interest receipts are taxable but interest payments are nondeductible, the intertemporal budget constraint is
A)a straight line.
B)kinked at the chosen consumption bundle.
C)kinked at the endowment point.
D)U-shaped.

Name: When interest receipts are taxable but interest payments are nondeductible, the intertemporal budget constraint is A)a straight line. B)kinked at the chosen consumption bundle. C)kinked at the endowment point. D)U-shaped.
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The Answer is C

When Interest Receipts Are Taxable but Interest Payments Are Nondeductible