The market for loanable funds is described in the following demand and supply schedule. Suppliers of loanable

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The market for loanable funds is described in the following demand and supply schedule.

Suppliers of loanable funds would prefer 14 per cent to any other interest rate in the table. But 14 percent is not what they will receive. Why not? Explain fully.

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:39 AM

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The market for loanable funds is described in the following demand and supply schedule. Suppliers of loanable

Question:

INTEREST RATE%) 14 12 10 DEMANDED $1,000 2000 3,000 4,000 ,000 SUPPLIED 5,000 4,000 3,000 2,000 1,000

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If the rate of interest was 14 percent quantity ...View the full answer

Principles of Economics

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