For a Given Set of Foreign Interest Rates, the Quantity

question 51

Multiple Choice

For a given set of foreign interest rates, the quantity of U.S. loanable funds demanded by foreign governments or firms will be ____ U.S. interest rates.

• A) positively related to
• B) inversely related to
• C) unrelated to
• D) none of the above

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from going back on a promise made when the other party has reasonably relied on that promise to their detriment.

Promisor

The person or party in a contract who has made a promise to perform or deliver something to the other party.

Consideration

The value (such as money, a service, or a promise) that is exchanged between parties in a contract.

Unilateral Contract

A promise exchanged for an act.