MYLAB ECONOMICS WITH PEARSON ETEXT -- A
MYLAB ECONOMICS WITH PEARSON ETEXT -- A
5th Edition
ISBN: 2819260099840
Author: Mishkin
Publisher: PEARSON
Question
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Chapter 9, Problem 16Q
To determine

Whether a banker will prefer short term loans or long-term loans if the rate of interests is to increase in the future.

Concept Introduction:

Loans are credits given by banks to borrowers in return for periodical interest along with the repayment of principle over a fixed time period. Generally, loans are of two types, short term loans and long-term loans.

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