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Triss [41]
3 years ago
13

1. A certain family has a car loan of $24,623 with a local bank. Because of this loan balance the family would classified as a:

demander of loanable funds deficit savings unit deficit budget unit all of the above none of the above
Business
1 answer:
LUCKY_DIMON [66]3 years ago
5 0

Answer: None of the above

Explanation:

The deficit spending unit is used in describing a scenario when an economy, the household or firm, has spent more than it earned for a particular period of time.

Since the family has a car loan of $24,623 with a local bank, thus means that they spent more than they earned and therefore took loans and are a deficit spending unit.

Since the option isn't given, the correct option is None of the above.

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