Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer both questions quickly 1. If a bank gives you a small business loan, the loan is A. an asset to both you and
Please answer both questions quickly
1. If a bank gives you a small business loan, the loan is
A. an asset to both you and the bank.
B. an asset to you, but liability to the bank.
C.a liability to both you and the bank.
D.a liability to you, but liability to the bank.
2.If nominal GPD decreases, then which of the following must also decrease
a) the quantity of money
b) the velocity of money
c) with the quantity of money or the velocity of money
d) both the quantity of money and the velocity of money
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started