The ________ Effect of a Higher Interest Rate _______ Saving

question 69

Multiple Choice

The ________ effect of a higher interest rate _______ saving.

• A) saving; reduces
• B) substitution; reduces
• C) substitution; boosts
• D) income; boosts

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Definitions:

Void

Describes a contract or legal agreement that is invalid or without legal effect from its inception.

Agreement

A mutual understanding or arrangement between two or more parties, often legally binding, detailing specific terms and conditions.

Legal Signature

A person's name or mark written in a distinctive way as a form of identification in authorizing documents.

Online Commercial Transactions

Business dealings and the exchange of goods or services for payment carried out over the internet.