Multiple Choice
The ________ rate of interest is determined by interaction of the supply and demand functions. As a cost of borrowing and a reward for lending, the rate must reach the point where total supply of savings ________ total demand for borrowing and investment.
A) equilibrium; is greater
B) minimum; equals
C) equilibrium; equals
D) minimum; is greater
Correct Answer:
Verified
Correct Answer:
Verified
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