Which Statement Is CORRECT

question 11

Multiple Choice

Which statement is CORRECT?

• A) A change in demand is a movement along the demand curve,and a change in the quantity demanded is a shift of the demand curve.
• B) Both a change in the quantity demanded and a change in demand are movements along the demand curve,only in different directions.
• C) Both a change in the quantity demanded and a change in demand are shifts of the demand curve,only in different directions.
• D) A change in the quantity demanded is a movement along the demand curve,and a change in demand is a shift of the demand curve.

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Definitions:

Interest Rates

They are the charges lenders impose on borrowers for the use of financial assets, restated here to highlight their critical role in finance and borrowing.

Simple Interest

Interest is calculated merely on the principal or on what part of the principal is still owed.

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the face value and maturing at par.

Interest Rates

The percentage of a sum of money charged for its use or paid to investors over a period.