Other Things the Same, When the Interest Rate Falls, People

question 16

Multiple Choice

Other things the same, when the interest rate falls, people would want to lend

• A)less, making the supply of loanable funds increase.
• B)more, making the supply of loanable funds decrease.
• C)less, making the quantity of loanable funds supplied decrease.
• D)more, making the quantity of loanable funds supplied increase.

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Definitions:

Conforming Goods

Products that meet the specifications and standards mentioned in a contract of sale.

Perfect Tender Rule

A principle in sales law that allows a buyer to reject goods if they do not conform exactly to the terms of the contract, regardless of the significance of the nonconformity.

Substantial Impairment

A significant reduction or weakening in capacity, value, or function.

Berry Size

A classification or measurement used in agriculture to denote the physical dimensions of berries.