Which of the Following Generalizations Is False? Other Things Equal

question 227

Multiple Choice

Which of the following generalizations is false? Other things equal,

• A)interest rates are higher if lenders are imperfectly, rather than purely, competitive.
• B)the interest rate is less on small loans than on larger loans.
• C)long-term loans normally command higher interest rates than short-term loans.
• D)the greater the risk on a loan, the greater the interest rate.

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Definitions:

Traditionalists

Individuals or groups who adhere to long-established practices and are resistant to modern changes.

Radically Diverse

Describes an environment, group, or situation that includes a wide range of different cultures, ethnicities, genders, and viewpoints.

Generation X

The demographic cohort following the baby boomers and preceding the Millennials, typically born between the mid-1960s and early 1980s, known for their resourcefulness and independent thinking.

Generation Y

Also known as Millennials, refers to the cohort of individuals born approximately between 1981 and 1996, known for their familiarity with digital technology and media.