If the probability of losing your job remains ________, a recession would be a good time to purchase a home because the Bank of Canada usually ________ interest rates during this time.
A)low; lowers
B)low; raises
C)high; lowers
D)high; raises
E)low; does not change

Question

Quizplus · Accepted Answer

If the probability of losing your job remains low, it would be a good time to purchase a home during a recession because the Bank of Canada usually lowers interest rates during this time. This allows for cheaper borrowing, making it easier to afford a mortgage.

If the Probability of Losing Your Job Remains ________, a Recession