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2 years ago

Dan saves a portion of his income in an interest-earning account. in the loanable funds market, dan is:________

Business

1 answer:

AlexFokin [52]2 years ago

3 0

Answer:

Dan is the "supplier" of the funds

Explanation:

Given their willingness to lend their money, savers in this marketplace are on the supply side of the economy.

What is the loanable fund market?

The market that connects savers and borrowers is the loanable funds market.

Model of the market for loanable money

To make what occurs in the economy when borrowers and savers interact more understandable, the loanable funds market model is utilized. A modification to the market model for commodities and services is the market model for loanable funds. In this hypothetical scenario, the exchange of money takes the place of a good and the interest rate replaces the price. In essence, it describes how loans are made and borrowed money is exchanged between borrowers and lenders.

To know more about the loanable fund market visit:- brainly.com/question/15851247

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Answer:

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2 years ago

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Answer:

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2 years ago

For a college student who needs to buy an $80 textbook, the money she received from her parents for the purchase of school suppl

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The money she received from her parents for the purchase of school supplies would be used as a medium of exchange.

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Characteristics of money are:

Medium of exchange
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Measure of value

Hence, the money she received from her parents for the purchase of school supplies would be used as a medium of exchange.

Learn more about money here: brainly.com/question/3182649

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