They will raise interest rates to manage the increased demand.
When lenders notice an increase in demand for loans, what is a likely response?(1 point)
Responses
They will lower interest rates to encourage borrowing.
They will lower interest rates to encourage borrowing.
They will stop lending altogether.
They will stop lending altogether.
They will only lend to established customers.
They will only lend to established customers.
They will raise interest rates to manage the increased demand.
1 answer
1 answer