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Unformatted text preview: Explain why. Analytical Problems 5. If offered the choice of receiving $1000 today or $1000 in one year’s time, why would you choose the first option? 6. Suppose financial institutions didn’t exist but you urgently needed a loan. Where would you be most likely to get this loan? Using core principles, identify an advantage and a disadvantage this arrangement might have over borrowing from a financial institution....
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This note was uploaded on 02/12/2012 for the course ECON 101 taught by Professor Abrams during the Spring '11 term at Adams State University.
- Spring '11