Which of the Following Fractions Reflect the Lowest Possible Term

question 68

Multiple Choice

Which of the following fractions reflect the lowest possible term of 5/15?

• A) 1/2
• B) 2/3
• C) 3/8
• D) 1/3

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Definitions:

Interest Rates

The cost of borrowing money or the return for investing, expressed as a percentage of the principal, influencing consumer and business spending.

Interest-sensitive Goods

Products or services whose demand is heavily influenced by changes in interest rates, such as housing and automobiles.

Housing Prices

The cost assigned to purchasing residential properties, which can fluctuate based on market conditions, location, and property features.

Construction Boom

A period characterized by rapid and significant growth in construction activity, often leading to increased investment and employment in the sector.