Paul Spoon has noticed that interest rates have risen in recent months.He is worried that this may make it more difficult for him to finance the purchase of a car.This would be an example of a(n)________ factor that influences his purchasing decision.

Question

Quizplus · Accepted Answer

Interest rates are an economic factor because they directly affect the cost of borrowing money, which in turn influences individuals' purchasing decisions, such as financing a car.

Paul Spoon Has Noticed That Interest Rates Have Risen in Recent