When Interest Rates Are Rising,a Person Should Select

question 42

Multiple Choice

When interest rates are rising,a person should select:

• A)short-term savings instruments.
• B)long-term savings instruments.
• C)short-term loans.
• D)variable-rate loans.
• E)five-year certificates of deposit.

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Definitions:

Efficient Production Technique

A method of production that achieves the highest output with the given set of inputs or resources, minimizing waste and costs.

Labor Resources

These are the human workforce available for physical and intellectual work towards producing goods and services.

Cost per Unit

The expense incurred to produce, acquire, or maintain one unit of a product or service, often used to analyze and manage business efficiency.

Economically Efficient

A condition in which a system optimizes the allocation of resources, producing the maximum number of goods and services with the least waste.