1. Is a Slowdown in Bank Lending a Bad Sign for the Economy? Read the following excerpt from the New York Times article and then answer a recall question *IS A SLOWDOWN IN BANK LENDING A HAD SIGN FOR THE ECONOMYT BY PETER EAVIS, OCTOBER 12, 2018 Something is afoot in the world of banking that suggests the economy is not as strong as it looks, Four of the United States' largest banks on Friday reported third-quarter results that for the most part, exceeded Wall Street's expectations. But a worrisome trend again showed up in the numbers: The banks were not lending at the same rate that they had in recent years. While the economy can grow without strong lending. It may struggle to maintain its strength if loan growth remains lackluster. ... the weak lending growth could be a sign that the economy is losing momentum. Take mortgages: Rising Interest rates are pushing up the cost of mortgages at the same time housing prices in many parts of the economy remain elevated. As a result, demand for mortgages has lessened. Wells Fargo's mortgage applications in the third quarter were lower than in the preceding four quarters Some companies may be less willing to borrow because their executives are starting to get nervous that President Trump's trade policies and other geopolitical developments could welgh on global growth... According to the article, which of the following are the reasons for a decease in bank lending? Check at that apply 1 Lower demand for mortgages Rising interest rates Rising demand for mortgages Lower interest rates