If Nate takes out a $5,000 loan for one year at 10 percent annual interest, the principal is:
A) $5,000.
B) $5,500.
C) $500.
D) $1000.
Correct Answer:
Verified
Q32: Savers supply funds to those who want
Q32: The demand for loanable funds comes from:
A)
Q34: Savings and investment are equal:
A) at the
Q35: Savings is considered the portion of income:
A)
Q35: The interest rate:
A) is the price of
Q36: Economists use the word investment to refer
Q39: If Howard takes out a $400 loan
Q40: The portion of income that is not
Q41: Sarah is able to take out a
Q42:
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