Author Question: Suppose this year Angola borrows 100 million from foreign countries, while it lends 15 million to ... (Read 96 times)

maegan_martin · **on:** Jun 29, 2018

Suppose this year Angola borrows 100 million from foreign countries, while it lends 15 million to other countries. Angola definitely is a

A) net borrower.
B) net lender.
C) creditor nation.
D) debtor nation.

Question 2

The opportunity cost of holding money increases when

A) the purchasing power of money rises.
B) the nominal interest rate rises.
C) the price level falls.
D) consumers' real incomes increase.