For a Borrower,an Increase in the Real Interest Rate Will

question 21

Multiple Choice

For a borrower,an increase in the real interest rate will lead to

• A)higher current consumption and less borrowing.
• B)higher current consumption and less saving.
• C)lower current consumption and less borrowing.
• D)lower current consumption and less saving.

---

Definitions:

Color-blindness

A deficiency in the way someone sees color, making it difficult to distinguish between certain colors.

Dominant

In genetics, a term to describe the ability of an allele for a trait to mask the presence of another allele.

Allele

A variation of a gene, resulting from mutation, that occurs in the same location on a chromosome, among two or more possibilities.

Blood Protein

Various proteins found in blood, serving functions such as transport, immunity, and regulation of bodily processes.