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
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Most countries in the world are classified as
A) advanced. B) in transition. C) developing. D) industrialized. E) emerging market.
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.
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
After an increase in demand in a constant-cost industry, firms will find themselves with higher average cost curves
a. True b. False