Choose the Word or Phrase in [ ] Which Will

question 81

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-When the interest rate on savings is higher than the interest rate on a loan,it is less expensive to [borrow | use savings] to make a purchase.

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Definitions:

Declining Industry

An industry experiencing a long-term drop in output, sales, or employment.

Lagging Technology

Technology that is behind the current standard or trend, often outdated or rendered obsolete by new innovations.

Inelastic Nature

A characteristic of a good or service whose demand does not significantly change with the price.

Agricultural Demand

The total demand for agricultural products, influenced by factors such as population growth, income levels, and dietary preferences.