A New Congress Is Seated Every ________ Years

question 18

Multiple Choice

A new Congress is seated every ________ years.

• A)two
• B)three
• C)four
• D)six
• E)eight

---

Definitions:

Loanable Funds

Refers to the funds available for borrowing in the financial markets, determined by the savings of households and organizations.

Public Debt

The total amount of money owed by the government to creditors, often as a result of borrowing to finance public spending.

Loanable Funds

The market where savers supply funds to borrowers, typically facilitated through financial institutions, influencing interest rates.

Interest Rate

The cost of borrowing money expressed as a percentage of the total amount loaned, paid by the borrower for the use of funds.