Multiple Choice
Jack and Jill are co-owners of the Canadian firm,Peak Petroleum Pipeline.Jack borrows money to build a pipeline from Alberta to the BC coast.Jill borrows money to build a pipeline 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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