A customer's desire for a product coupled with the buying power or resources to obtain that product is called a .

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Answer flexible interest rates in the credit market cause any consumer saving to be exactly offset by business investment;

Answerthe above is a correct answer; ///( true)

Answeraggregate demand and the short-run aggregate supply fluctuate, but the money wages does not change rapidly enough to keep real gdp at potential gdp;