If the Equilibrium Rate of Interest Would Be 10 Percent

question 113

Multiple Choice

If the equilibrium rate of interest would be 10 percent, but the usury law sets 8 percent,

• A)the quantity of funds supplied would be greater than the quantity demanded.
• B)economic efficiency would be promoted.
• C)some applicants for loans would likely be turned down.
• D)lenders would be able to fund fully all requests for loans.

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Definitions:

Product/Service

A product or service refers to any item or assistance offered by businesses or individuals that meet the needs or desires of consumers.

House of Quality

A comprehensive framework used in the quality function deployment process that translates customer requirements into appropriate company requirements at each stage, from product planning to production.

Value Analysis

A review of successful products that takes place during the production process.

Product Success

The achievement of specific goals set for a product, often measured through metrics such as sales, profitability, market share, and customer satisfaction.