Credit Rationing Occurs When Lenders Charge Higher Interest Rates on the Loans

question 14

True/False

Credit rationing occurs when lenders charge higher interest rates on the loans they make to riskier borrowers.

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Definitions:

Yeoman Farmers

Independent and often self-sufficient farmers who owned and cultivated their own land, typically found in America's early history.

Lowell Textile Mill

One of the early American industrial establishments in Lowell, Massachusetts, known for employing young women, known as "Lowell Girls," in the 19th century.

Waltham, Massachusetts

A city in Middlesex County, Massachusetts, known for its significant role in the American Industrial Revolution, particularly for the Waltham Watch Company.

War of 1812

A conflict fought between the United States and the United Kingdom and their respective allies, from June 1812 to February 1815.