Examlex
A sneaker retailer is concerned about rumors of a major competitor opening as many as five stores in its overall trading area.In response to these rumors,the retailer has developed competitive response plans.These plans are an example of ________.
Demand For Loanable Funds Curve
The demand for loanable funds curve illustrates the relationship between the interest rate and the quantity of loanable funds demanded by borrowers, showing how borrowing can decrease as interest rates rise.
Interest Rate
The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, usually on an annual basis.
Loanable Funds
The funds in financial institutions that are available for borrowing.
Higher Interest Rate
An increased percentage charged on borrowed money or paid on savings and investments.
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