Author Question: According to research by Richard Sylla and John James on western farm mortgage rates, a. real rates ... (Read 210 times)

HCHenry · **on:** Jun 30, 2018

According to research by Richard Sylla and John James on western farm mortgage rates,
a. real rates were lower than rates charged to eastern manufacturers.
b. relatively high real rates were due to the monopoly power of eastern financiers.
c. relatively high rates reflected high lending risks associated with agricultural loans.
d. Farmers' nominal rates were high, but real rates were actually less than those charged for most loans.

Question 2

During the second half of the 19th century, export demand for U.S. agricultural products
a. declined.
b. increased.
c. remained static.
d. experienced chaotic periods on increase and decrease.

kaykay69 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c. relatively high rates reflected high lending risks associated with agricultural loans.

Answer to Question 2

b. increased.