Nick Wants to Buy a New Car,and Is Planning to Borrow

question 105

True/False

Nick wants to buy a new car,and is planning to borrow the money for his purchase from a bank.He read in the newspapers that the Federal Reserve is likely to implement policies in the next few weeks that are designed to stimulate the economy.Nick would probably get a lower interest rate on his car loan if he waits until after the FED implements its new policies.
The Fed usually pursues policies to decrease interest rates when it wants to stimulate the economy.If Nick wants a low interest rate on his car loan,he should wait until the Fed acts to stimulate the economy.

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Definitions:

Renegotiated

The process of revising the terms of an agreement or contract after initial negotiations.

Devalued

The perception or treatment of someone or something as less valuable or important.

Prescribed Medication

Drugs that are legally provided to patients by healthcare professionals to treat and prevent diseases.

Route the Call

The process of directing a telephone call to the appropriate recipient or department within a system.