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Economics · May / June 2020 · Paper 11 · Question 9

2281Households

Which combination of influences would increase the level of borrowing by a household?

  1. Abecoming pensioners; higher rate of inflation
  2. Bgreater wealth; lower consumer confidence
  3. Chigher consumer confidence; lower rate of interest
  4. Dhigher rate of interest; greater availability of credit

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Correct answer: C. higher consumer confidence; lower rate of interest

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