Question
The Willamette Valley Bank offers an interest rate of 5.5% on savings and 6% on loans, while the Chase Bank offers 6.5% on savings and
The Willamette Valley Bank offers an interest rate of 5.5% on savings and 6% on loans, while the Chase Bank offers 6.5% on savings and 7% on loans. Which of the following is the LEAST likely outcome of such a situation?
Group of answer choices
Willamette Valley Bank would experience a fall in demand for deposits.
Chase Bank would experience a surge in demand for deposits.
Willamette Valley Bank would experience a surge in demand for loans.
Chase Bank would experience a surge in demand for loans.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
