The true statement is that: <em>There is an inverse relationship between the </em><em>quantity of money</em><em> demanded and the </em><em>interest rate.</em>
In economics, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
An interest rate can be defined as an amount of money that is charged as a percentage of the total amount borrowed by a borrower from a creditor or financial institution.
On a related note, there exist an inverse relationship between the quantity of money demanded by a borrower and the interest rate charged by a creditor or lender. Thus, when the interest rate is high, the quantity of money demanded decreases (falls) while the quantity of money demanded increases (rises) when the interest rate is low.
<em>In conclusion, borrowers are more likely to demand for</em><em> money</em><em> when the </em><em>interest rate</em><em> is low and vice-versa.</em>
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<em>For more information on money supply, visit: brainly.com/question/15344073</em>
I believe the answer is: Inductive generalization
Inductive generalization refers to the type of thinking that believe something is universally true based on small sample.
Example of inductive generalization, all people in my family do not like Brand A of cereal. So, Brand A cereal is not well-liked by average family in my City.
Supreme Court has the power to review and make final decisions about the outcomes of trials of other instances. Specifically it's the one institution that has the power to interpret the Constitution. Because of this I believe that the best answer is the last one: Supreme Court is responsible for cases which involve interpretations of the Constitution.
This change in price means that there is a shortage of lettuce and the price of tacos will increase. That if tacos are made with lettuce and everything else remains constant (ceteris paribus).
