Lacey Co. paid $20,000 to buy a 5%, 5-year bond payable with a $20,000 par value. The bonds pay interest semiannually. Lacey intends to hold the bonds until they mature. The entry to reflect this purchase would include a (debit/credit) to Debt Investments in the amount of $

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.