Table 26-3. The following table presents information about a closed economy whose market for loanable funds is in equilibrium.
-Refer to Table 26-3. Determine the quantity of loanable funds demanded.
A)$1.8 trillion
B)$1.6 trillion
C)$1.4 trillion
D)$0.8 trillion

Question

Table 26-3. The following table presents information about a closed economy whose market for loanable funds is in equilibrium. 
-Refer to Table 26-3. Determine the quantity of loanable funds demanded.
A)$1.8 trillion 
B)$1.6 trillion 
C)$1.4 trillion 
D)$0.8 trillion

Quizplus · Accepted Answer

The quantity of loanable funds demanded is $1.8 trillion, which is the amount that borrowers are willing and able to borrow at the given interest rate.