Use the Table Below to Answer the Following Questions

question 26

Multiple Choice

Use the table below to answer the following questions.
Table 7.2.1
The table shows an economy's demand for loanable funds schedule and supply of loanable funds schedule.

-Consider Table 7.2.1.What is the equilibrium quantity of investment?

• A)$4.5 trillion
• B)$6.5 trillion
• C)$6.0 trillion
• D)$5.0 trillion
• E)$5.5 trillion

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Definitions:

Sum Certain

A specified amount agreed upon within a contract that is clear and not subject to change.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on-demand or at a set time.

Payable on Demand

A financial term indicating that a debt or other financial obligation is due for payment immediately or whenever the creditor requests it.

Time of Payment

The specific period or date by which payment for goods or services is due or expected.