Answer to Question #178658 in Microeconomics for James

Question

 

QUESTION 19

A typical credit card interest rate ranges from:

1. Zero to infinity.
2. Zero to infinity and beyond.
3. 12% to 18% per year.
4. 12% to 18% per month.
5. Alabama to New York.

QUESTION 20

The interest rate:

1. Is unrelated to future events.
2. Measures the price in financial markets.
3. Is the sole determinant of the future of our economy.
4. Is too high when there is a shortage of loans available.
5. Is too low when there is a surplus of loans available. 

QUESTION 21

Evidence exists that Social Security:

1. Is perfect.
2. Has never benefitted anybody.
3. Has tended to decrease the amount of financial capital saved by workers.
4. Has tended to increase the amount of financial capital saved by workers.
5. Has tended to decrease the amount saved by shoppers with coupons.

QUESTION 22

When consumers have greater confidence that they will be able to repay in the future:

1. The demand for financial capital increases.
2. The demand for financial capital decreases.
3. The demand for financial capital remains unchanged.
4. All of the above.
5. None of the above.

Answer 1

QUESTION 19

A typical credit card interest rate ranges from:

Answer:

12% to 18% per year.

QUESTION 20

The interest:

Answer:

Is too low when there is a surplus of loans available. 

QUESTION 21

Evidence exists that Social Security:

Answer:

Has tended to decrease the amount of financial capital saved by workers.

QUESTION 22

When consumers have greater confidence that they will be able to repay in the future

Answer:

The demand for financial capital remains unchanged.