If an individual borrows $100 and pays back $100 after a year to settle his loan,it implies that the rate of interest is ________.
A) 0 percent
B) 1 percent
C) 10 percent
D) 100 percent
Correct Answer:
Verified
Q14: Credit is _.
A) the loan that a
Q15: The real interest rate is equal to
Q16: Assuming all else equal,a rise in the
Q17: Which of the following equations is correct?
A)
Q18: Which of the following statements is true?
A)
Q20: What is meant by the term "rate
Q21: The credit demand curve is _.
A) vertical
B)
Q22: An optimizing economic agent will use the
Q23: Assuming all else equal,if there is an
Q24: Which of the following is likely to
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