The graph of f is shown. Evaluate each integral by interpreting it in terms of areas. (a) y 2 0 fsxd dx (b) y 5 0 fsxd dx (c) y 7 5 fsxd dx (d) y 9 0 fsxd dx

Chapter 10: Credit Markets 10.1 – What is the credit market Debtors – borrowers – economic agents who borrow funds. Credit – loans that the debtor receives. Interest Rate – Nominal Interest Rate – i – is the annual cost of a one-dollar loan, so i X L is the annual cost of an $L loan. Real Interest Rate = Nominal Interest Rate – Inflation Rate Credit Demand Curve – schedule that reports the relationship between the quantity of credit demanded and the real interest rate. o Factors that shift curve: Changes in perceived business opportunities for firms. Changes in household preferences or expectations. Changes in government policy. Credit Sup