Loans Extended to Farm and Ranch Operations to Assist in Planting

question 89

Multiple Choice

Loans extended to farm and ranch operations to assist in planting and harvesting crops and to support the feeding and care of livestock are known as:

• A)real estate loans.
• B)commercial and industrial loans.
• C)land loans.
• D)agricultural loans.
• E)None of the options is correct.

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Definitions:

Prices

The amount of money required to purchase a good, service, or asset, often influenced by supply and demand.

Short-run

A period in which at least one factor of production is fixed, limiting the ability of a business to fully adjust to market changes.

Short-run Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period at current prices.

Short-run Phillips Curve

It illustrates the inverse relationship between the rate of inflation and the unemployment rate in the short term.