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What are the sources of the demand for loanable funds? What happens to the quantity of loanable funds demanded when the interest rate rises?
Certificates of Deposit
A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by banks and is insured by the Federal Deposit Insurance Corporation (FDIC) up to a certain amount.
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Q205: Refer to Scenario 35-1. The short-run effects