The Higher the Cost of Processing a Loan, the __________

question 162

Multiple Choice

The higher the cost of processing a loan, the __________ the interest rate charged for the loan; the lower the expected inflation rate, the __________ the nominal interest rate.

• A)higher; lower
• B)lower; higher
• C)higher; higher
• D)lower; lower

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Definitions:

Motivating

The process of encouraging individuals to perform activities or behaviors to achieve a particular outcome or goal.

Strategic

Pertaining to the long-term goals and planning of a business, particularly in terms of allocation of resources to achieve these goals.

Goal Congruence

The alignment of individual objectives and behaviors with the overall goals and direction of the organization, aiming for harmony and unified effort.

Organisation Goals

The aims or targets that an organization seeks to achieve, which guide its overall strategy and direction.