Examlex
What happens to the budget line when the price of a product falls? Use indifference curve analysis to explain how this change affects consumption of the product.
Subprime Mortgage
Mortgage for a borrower with a not-so-good credit rating.
Credit Rating
An assessment of the creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, typically used as a benchmark for many other loans and credit products.
Bank Deposits
Funds that customers place into a bank account, which can range from savings and checking accounts to fixed deposits.
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