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Grace [21]
3 years ago
12

A higher Discount Rate tends to ___________ the price of loans because the overall supply of bank reserves tends to be smaller..

Business
1 answer:
tatuchka [14]3 years ago
5 0

Answer:

decrease

Explanation:

Discount rates on loans have an inverse relationship with loan prices; if the rate increases, the price will decrease and vice versa. In this case, a higher discount rate will decrease the price of loans as excess reserves in commercial banks and other lending institutions get smaller. This reduces the overall money supply in the economy.

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Answer:

Given that,

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This is due to the increase in the exchange rate in India. Now, a dollar become more expensive than it a year ago.

So, the Indian rupee depreciated and U.S dollar appreciated.

 

3 0
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Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing cust
Tatiana [17]

Answer:

Total allocated cost= $146.4

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Giving the following information:

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2 years ago
How much is one euro in american dollars?
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