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chapter13 - Chapter13 Saving,Investment, MULTIPLECHOICE 1...

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Chapter 13 Saving, Investment, and the Financial System MULTIPLE CHOICE 1. When opening a restaurant you may need to by ovens, freezers, tables, and cash registers. Economists call these expenditures a. capital investment. b. investment in human capital. c. business consumption expenditures. d. None of the above are correct. ANSWER: a. capital investment. TYPE: M DIFFICULTY: 1 SECTION: 13.0 2. When a country saves a larger portion of its GDP, it will have 3. Institutions in the economy that help to match one person's saving with another person's investment are collectively called the 4. Alfred’s income exceeds his expenditures. Alfred is a 5. Lucy wants to start her own psychiatric practice, but her expenditures exceed her income. Lucy is a a. saver who demands money from the financial system. b. saver who supplies money to the financial system. c. borrower who demands money from the financial system. d. borrower who supplies money to the financial system. ANSWER: c. borrower who demands money from the financial system. TYPE: M DIFFICULTY: 1 SECTION: 13.1 6. A bond is a 95
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96 Chapter 13/Saving, Investment, and the Financial System
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