Question
When interest rates are high, consumers have a greater incentive to ______ more, but when interest rates are low, consumer have a greater incentive to ______. M a. buy; sell b. borrow; save c. sell; buy d. save; borrow
Answer
b. borrow; save
- Q: What is the first option for high interest rates? What is the first option for low interest rates? A: For high interest rates, the first option is buy. For low interest rates, the first option is save.
- Q: What is the second option for high interest rates? What is the second option for low interest rates? A: For high interest rates, the second option is borrow. For low interest rates, the second option is sell.