Which of the Following Features Does Not Accurately Describe a Line

question 41

Multiple Choice

Which of the following features does not accurately describe a line of credit?

• A)A loan approved before the money is actually needed
• B)Funds available immediately when needed once the loan is preapproved
• C)Obtainable from a credit union,savings and loan association,or bank
• D)It has a ceiling
• E)Long-term loan

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Definitions:

Natural Rate

The natural rate is often described as the rate of unemployment where the labor market is in equilibrium, including frictional and structural unemployment but no cyclical unemployment.

Expected Inflation

The projection of the rate at which prices of goods and services will rise over a specific period in the future.

Expected Inflation

The rate at which the general level of prices for goods and services is expected to rise.

Short-run Phillips Curve

A graphical representation that shows the inverse relationship between the rate of unemployment and the rate of inflation in an economy over the short term.