Assuming all else equal, a rise in the rate of interest: A) results i

Assuming all else equal, a rise in the rate of interest:

A) results in a fall in the cost of borrowing.
B) results in a fall in the amount of interest accumulated on a loan.
C) results in a fall in the quantity of credit demanded.
D) results in an increase in the number of potential debtors.

ANSWER

C