The interest rate is determined by
a. government pronouncements.
b. market forces of supply and demand.
c. banks and lenders.
d. managers of large corporations.
b
Economics
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A 25-year floating rate mortgage has its rate adjusted twice a year. This gives it a re-pricing maturity of
A) six months. B) twenty-four years and six months. C) twenty-five years. D) fifty years.
Economics
Which of the following is NOT a determinant of the price elasticity of demand?
A) the availability of potential substitutes B) the share of the budget spent on the item C) the time the consumer has to adjust to the price change D) the cost to produce the product
Economics