When the interest rate rises, people are:

A. less likely to save, that is, purchase a financial asset.
B. more likely to save, that is, sell a financial asset.
C. more likely to save, that is, purchase a financial asset.
D. less likely to save, that is, sell a financial asset.


Answer: C

Economics

You might also like to view...

Most countries in the world are classified as

A) advanced. B) in transition. C) developing. D) industrialized. E) emerging market.

Economics

In 1768-72, the top ten commodity exports of the thirteen colonies included all of the following except

a. tobacco b. bread and flour c. fish d. horses e. All of the above were among the top ten exports.

Economics

When the social cost of production is greater than the private cost, we have a

a. positive externality b. negative externality c. public good d. private good e. positive spillover

Economics

After an increase in demand in a constant-cost industry, firms will find themselves with higher average cost curves

a. True b. False

Economics