An Increase in the Number of College Scholarships Issued by Private

question 146

Multiple Choice

An increase in the number of college scholarships issued by private foundations would

• A)increase the supply of education.
• B)decrease the supply of education.
• C)increase the demand for education.
• D)decrease the demand for education.

---

Definitions:

Annum

A Latin term for year, often used in financial contexts to denote per year.

Deferred Payment

An agreement to postpone payment until a later date, often used in sales and financing arrangements.

Simple Interest

Simple interest is a method of calculating interest where the interest charge is based on the original principal amount and does not accumulate or compound over time.

Variable Interest Rate

An interest rate that can fluctuate over time, usually based on underlying economic indicators or indices.