Use the table below to answer the following questions.
Table 23.2.2
The table shows an economy's demand for loanable funds schedule and supply of loanable funds schedule.
-Consider Table 23.2.2. What is the equilibrium quantity of saving?
Definitions:
Consumer Credit Contract
An agreement between a borrower and a lender in which the borrower receives something of value now and agrees to repay the lender at a future date, usually with interest.
Defective Furniture
Furniture that has manufacturing flaws, impairing its usability, safety, or aesthetic value.
Finance Company
A business that makes loans to individuals and/or corporations, besides banks and other traditional financial institutions.
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