When a Market Clearing Price Is Determined

question 359

Multiple Choice

When a market clearing price is determined

• A) the exchange between buyers and sellers is voluntary.
• B) the exchange between buyers and sellers is directed by outside factors such as the government.
• C) the exchange between buyers and sellers benefits only the buyers.
• D) the exchange between buyers and sellers benefits only the sellers.

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Definitions:

Unsecured Loans

Loans that are issued and supported only by the borrower's creditworthiness, rather than by any type of collateral.