Multiple Choice
Jack and Jill are co-owners of the Canadian firm Wells Grey Petroleum.Jack borrows money to build an oil well in Alberta.Jill borrows money to build an oil well in Venezuela.How does this affect the market for loanable funds in Canada?
A) Jack increases the demand for loanable funds.
B) Jill increases the demand for loanable funds.
C) Jack increases the supply for loanable funds.
D) Jill increases the supply of loanable funds.
Correct Answer:
Verified
Correct Answer:
Verified
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