The reward for saving is called _____, and this variable is placed on the _____ axis of the loanable funds market graph.
A) interest; horizontal
B) interest; vertical
C) investment; horizontal
D) investment; vertical

Question

Quizplus · Accepted Answer

The reward for saving is called interest, and in the loanable funds market graph, this variable is placed on the vertical axis, which typically represents the price or cost of something—in this case, the price of borrowing funds.

The Reward for Saving Is Called _____, and This Variable