According to research by Richard Sylla and John James on western farm mortgage rates,
a. real rates were lower than rates charged to eastern manufacturers.
b. relatively high real rates were due to the monopoly power of eastern financiers.
c. relatively high rates reflected high lending risks associated with agricultural loans.
d. Farmers' nominal rates were high, but real rates were actually less than those charged for most loans.
c. relatively high rates reflected high lending risks associated with agricultural loans.
You might also like to view...
From 2009 to 2013, the price level in the U.S. has increased by 8.3 percent. This implies that the price index in 2012 was: a. 108.3. b. 183
c. 100. d. 98.3. e. 92.7.
Within a game theory model, if a change in decision-making raises corporation X's profits by $100 and lowers corporation Y's profits by $50, the game is a
A) negative-sum game. B) zero-sum game. C) positive-sum game. D) cooperative game.