A debtor's quantity of credit demanded and the rate of interest are likely to be ________.
A) unrelated
B) positively correlated
C) negatively correlated
D) positively related if the rate of interest is below 10 percent and negatively related if it is above 10 percent.
Correct Answer:
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Q2: The total interest that a borrower has
Q3: An individual can borrow a certain sum
Q4: If the nominal interest rate in an
Q5: If an individual borrows $200 at an
Q6: Which of the following statements is true?
A)
Q7: The additional payment a borrower has to
Q8: The annual price of a $1 loan
Q9: If an individual borrows $100 at an
Q10: If the nominal interest rate is greater
Q11: If the nominal interest rate in an
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