According to a Survey from the European Commission,what Percentage of European

question 62

Multiple Choice

According to a survey from the European commission,what percentage of European consumers will buy from a website developed in a language other than their own either frequently or all of the time?

• A)5 percent
• B)18 percent
• C)22 percent
• D)37 percent
• E)42 percent

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Definitions:

Equilibrium Interest Rate

The rate of interest where the quantity of money sought equals the amount available, equilibrating investment and savings across the economy.

Loanable Funds

The funds in financial markets that are available for borrowing, reflecting the relationship between the demand for and supply of these funds.

Interest Rate

The fee, shown as a percentage of the principal amount, that a lender imposes on a borrower for the use of funds.

Loanable Funds

The various sources of capital that are available for borrowing, including savings deposits, bonds, and loans, within the financial market.