Status-quo bias is:
A. a person's choice being influenced by others' opinions.
B. a reluctance to make active decisions to change something, even if it is fairly easy to do so.
C. not overcome in the SMarT program because saving is not the default option.
D. All of these statements are true.
B. a reluctance to make active decisions to change something, even if it is fairly easy to do so.
Economics
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How can banks measure interest-rate risk?
What will be an ideal response?
Economics
In the loanable funds market,
A. The price is the interest rate. B. The supply curve reflects the behavior of borrowers. C. If interest rates rise, firms borrow more. D. The demand curve reflects the behavior of lenders.
Economics