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Author Question: An increase in the nominal interest rate increases the quantity of credit card services because ... (Read 21 times)

colton

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on: Jun 30, 2018
An increase in the nominal interest rate increases the quantity of credit card services because
 
  A) bank profits go up.
  B) of intertemporal substitution.
  C) the opportunity cost of making transactions with money has risen.
  D) the substitution effect is greater than the income effect.

Question 2

Gross income net of taxes is known as ________.
 
  A) Gross Domestic Product, or GDP
  B) disposable income
  C) Gross Domestic Product per capita
  D) retained earnings


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Liamb2179

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


colton

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cdmart10

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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