If money is not an economic resource, why is interest paid and received for its use? What
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a. A 10-year $1000 government bond.
b. A $20 pawnshop loan.
c. A 30-year mortgage loan on a $145,000 house.
d. A 24-month $12,000 commercial bank loan to finance the purchase of an automobile.
e. A 60-day $100 loan from a personal finance company.
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Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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