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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Answer: The divine right of kings.
Explanation:
Absolutism is the political position that describes the king as having the absolute power of a region or country, and there are no divisions of power superior to the king; that is to say <em>"the will of the king is absolute"</em>.
In these systems, the king has the power to make laws, exercise legal judgments, appoint members of his cabinet, or eliminate and create branches of government.
Currently, some examples of absolute monarchies are Saudi Arabia and Vatican City.
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The current (and ninth) Georgia Constitution was adopted in 1983. The current constitution has been amended 87 times.
A boundary separating two masses of air with different densities. It is the principal cause of the odd weather patterns and phenomenons outside of the tropics.
