Suppose China decides to sell a vast majority of their large holdings of U.S. Treasury bonds. If you are thinking of refinancing your house, how would China's action affect your decision to refinance?
A) You would want to wait to refinance as interest rates should rise.
B) China's actions should not affect your decision to refinance in any way.
C) You would want to refinance as soon as possible as interest rates should rise.
D) You would want to wait to refinance as interest rates should fall.
C
Economics
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A) allows people to behave completely morally. B) allows people to behave completely competitively. C) allows people to make goods exchanges without concern for the true costs of their actions. D) allows people to make a wide range of negotiations.
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The value in one year of $25 invested today at an annual interest rate of 5 percent will be
A) $25.00. B) $26.25. C) $27.50. D) $30.00.
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