Asked by
Aidan Ellison
on Nov 26, 2024
Verified
The supply curve for loanable funds is upward-sloping because
A) lenders are more willing to lend at lower, rather than higher, interest rates.
B) lenders are more willing to lend at higher, rather than lower, interest rates.
C) borrowers are more willing to borrow at lower, rather than higher, interest rates.
D) borrowers are more willing to borrow at higher, rather than lower, interest rates.
Supply Curve
A graphical representation of the relationship between the price of a good and the quantity supplied.
Loanable Funds
The money available in the banking system for lending to businesses or consumers, influenced by interest rates and monetary policy.
- Investigate the effect of varying interest rates on savings and borrowing habits.
Verified Answer
M1
Learning Objectives
- Investigate the effect of varying interest rates on savings and borrowing habits.