Unit 111

Question 0

Consumer goods such as televisions, furnitures and cars which are used over a long period of time. They are often bought on credit

Answer 0

Consumer durables

Question 1

The rate of interest around which a bank structures its other rates. A rise in the base rate will result in a rise in most saving and borrowing rates and vice versa

Answer 1

Base rate

Question 2

The price of borrowing or saving money.

Answer 2

Interest rates