Problem
1. What limits currently exist on the amount of credit that can be obtained by households? Is there any attempt by the monetary authorities to control the amount of credit available?
2. The words ‘exogenous' and ‘endogenous' are used widely in economics - not just referring to money. What precisely do they mean? Provide other\ examples of their use.
3. Provide examples of transactions in our modern monetary economy that take place through barter.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.