This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An individual may borrow a certain sum of money from any of the three banks in his town. Bank 1 ... (Read 48 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
An individual may borrow a certain sum of money from any of the three banks in his town.
 
  Bank 1 offers him loans at an annual rate of 5, Bank 2 offers him loans at an annual rate of 3 per year, and Bank 3 offers him a loan at an annual rate of interest of 10. A rational individual will:
  A) borrow from Bank 2.
  B) borrow from Bank 1.
  C) borrow from Bank 3.
  D) be indifferent about borrowing from any of the three banks.

Question 2

Which of the following statements is true?
 
  A) If households expect higher taxes in the future, they will decrease their current savings rate.
  B) The savings rate of households is dependent only on current consumption expenditure.
  C) The savings rate of households is dependent only on consumption expenditure planned for the future.
  D) If households expect higher taxes in the future, they will increase their current savings rate.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


2125004343

  • Member
  • Posts: 566
Reply 2 on: Jun 30, 2018
Wow, this really help

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Joseph Banks Joseph Banks
Organic Test banks Carey 8th Edition Organic Test banks Carey 8th Edition
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Small Town USA: Struggling to Survive Small Town USA: Struggling to Survive
Piggy bank Piggy bank
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library