Demographic Changes That Increase the Number of People in the Lending

question 188

Multiple Choice

Demographic changes that increase the number of people in the lending phase (approximately age 50 to 75) and fewer in the borrowing phase (under age 50) , would tend to

• A) expand the demand for loanable funds and push interest rates upward.
• B) expand the demand for loanable funds and push interest rates downward.
• C) expand the supply of loanable funds and push interest rates upward.
• D) expand the supply of loanable funds and push interest rates downward.

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Definitions:

Delinquent Debtor

An individual or entity that has not met their debt obligations by the due date or within an agreed timeframe.

Employer Notification

The formal process by which employers inform their employees or relevant authorities about specific events, changes, or decisions.

Strong Arm Collection Agency

A colloquial term for a debt collection agency known for using aggressive or intimidating tactics to recover debts from individuals.

Competition Act

Legislation aimed at preventing anti-competitive practices in the marketplace.