7
QuizMultiple Choice
Banking and Financial Institutions
Question 7 • AFC Personal Financial Literacy and Economics S2
Review the photograph.
Answer
A
When mortgage interest rates go down, banks stop making loans.B
When mortgage interest rates go down, banks make more money.C
It’s easier for people to buy a new home when mortgage interest rates are down.D
It’s more difficult for people to buy a new home when mortgage interest rates are down.