When interest rates go down,people are
A)more likely to borrow
B)less likely to borrow
C)does not affect a person's consumption
D)None of the above

Name: When interest rates go down,people are A)more likely to borrow B)less likely to borrow C)does not affect a person's consumption D)None of the above
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Question

​When interest rates go down,people are
A)​more likely to borrow
B)less likely to borrow
C)does not affect a person's consumption
D)​None of the above

Quizplus · Accepted Answer

When interest rates go down, borrowing becomes cheaper and more appealing to consumers, thus making them more likely to borrow.

​When Interest Rates Go Down,people Are

When Interest Rates Go Down,people Are