Which of the Following Is an Effect of an Increase

question 170

Multiple Choice

Which of the following is an effect of an increase in the interest rate?

• A)People put more money in their savings accounts.
• B)Foreign citizens decide to buy fewer Canadian bonds.
• C)Firms decide to purchase new machinery.
• D)People decide to consume more.

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Definitions:

Probabilities

The measure of the likelihood that an event will occur, often quantified as a number between 0 and 1.

Simple Events

An event in probability that consists of only one outcome or occurrence and cannot be broken down further.

Probabilities

The likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

Sales

The exchange of a commodity for money; the action of selling something.