Suppose the population of Area Y is relatively young, and the population of Area O is relativelyold, but everything else about the two areas is the same.a. Would interest rates likely be the same or different in the two areas? Explain.b. Would a trend toward nationwide branching by banks and the development of nationwidediversified financial corporations affect your answer to part a? Explain.

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Suppose the population of Area Y is relatively young, and the population of Area O is relatively
old, but everything else about the two areas is the same.
a. Would interest rates likely be the same or different in the two areas? Explain.
b. Would a trend toward nationwide branching by banks and the development of nationwide
diversified financial corporations affect your answer to part a? Explain.

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