Credit Rationing Refers to

question 9

Multiple Choice

Credit rationing refers to

• A)the increase in the interest rate that occurs when the demand for credit increases.
• B)the increase in the interest rate that occurs when the supply of credit increases.
• C)the increase in the interest rate that occurs when the supply of credit decreases.
• D)a restriction in the availability of credit.

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Definitions:

Piaget's Stage

Refers to one of the four stages in Jean Piaget's theory of cognitive development through which children progress from infancy to adolescence, acquiring new understandings and cognitive skills.

Political Philosophies

The study of fundamental questions about the state, government, politics, liberty, justice, and the enforcement of a legal code by authority.

Formal Operations

The final stage in Piaget's theory of cognitive development, occurring from around age 12 onwards, where individuals develop the ability to think abstractly, logically, and systematically.

Object Existence

A cognitive development concept where an individual realizes that objects continue to exist even when they are out of sight or perception.