The purchase of which of the following products is most affected by interest rates? A) Around-the-world...

The purchase of which of the following products is most affected by interest rates?

A) Around-the-world cruise

B) Season tickets to a sporting event

C) Motorcycle

D) Apartment

Solutions

Expert Solution

Answer is option D) Apartment.because it involves very long payment periods and involves very bigger amounts when compare to other options.when the interest rates are low people show interest in buying houses because of low cost and vice versa.

jeff jeffy answered 1 year ago

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