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Author Question: Suppose you decide to borrow money from an online peer-to-peer lending site. On the T-account for ... (Read 28 times)

Anajune7

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on: Jun 29, 2018
Suppose you decide to borrow money from an online peer-to-peer lending site.
 
  On the T-account for the lending site for this transaction, the funds from the investor who chooses to fund the loan would be classified as ________, and the loan made to you would be classified as ________.
  A) a liability; an asset B) an asset; a liability
  C) an asset; an asset D) a liability, a liability

Question 2

Refer to Figure 17-2. Suppose the economy is at point B in the figure above. Which of the following is true?
 
  A) The economy is producing at potential GDP.
  B) The current unemployment rate is 5.
  C) Expected inflation and actual inflation are the same.
  D) The expected rate of inflation is 3.
  E) The natural rate of unemployment is 3.8.


Ptupou85

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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