If the Interest Rate on Student Loans _______, Students Will

question 151

Multiple Choice

If the interest rate on student loans _______, students will ________.

• A) rises from 6 percent to 12 percent; increase their saving in order to pay back the loan sooner
• B) rises from 6 percent to 12 percent; increase their consumption before it becomes too expensive
• C) falls from 6 percent to 1 percent; increase their saving in order to pay back the loan sooner
• D) falls from 6 percent to 1 percent; not change their saving but will change their investment
• E) None of the above answers are correct.

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Definitions:

Face-to-face Communication

Direct interaction between individuals, allowing for immediate feedback and non-verbal cues in the exchange of information.

Telephone

A telecommunications device designed to transmit and receive sound, most commonly voice and tones, across distances.

Self-disclosure

The act of revealing personal information to others in order to build trust or foster a deeper relationship.

Highly Personal

Refers to services or products tailored specifically to an individual's needs or preferences.