Question

the idea that people like to save more money at higher interest rates and do not like saving as much money at lower interest rates results in a group of answer choices downward sloping demand curve in the labor market downward sloping demand curve in the loanable funds market upward sloping supply curve in the labor market upward sloping supply curve in the loanable funds market

Answer 1

The idea that people like to save more money at higher interest rates and do not like saving as much money at lower interest rates results in a upward sloping supply curve in the loanable funds market.

Interest is charge from a borrower or deposit-taking monetary institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. it is wonderful from a rate which the borrower may additionally pay the lender or some 1/3 birthday party.

Interest is the rate you pay to borrow cash or the price you rate to lend cash. interest is most usually reflected as an annual percentage of the amount of a loan. This percent is called the hobby fee on the mortgage.

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