The pure rate of interest is approximated by the
A) rate that savings and loan associations charge on mortgage loans.
B) rate charged consumers by credit card companies.
C) rate paid on long-term government bonds.
D) announced rate at which commercial banks make business loans.
Correct Answer:
Verified
Q201: Which expression is used to calculate the
Q202: A lower equilibrium interest rate
A)increases saving, reduces
Q203: Other things equal, interest rates are
A)higher on
Q204: If the interest rate is 5 percent,
Q205: Other things equal, an increase in the
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