Borrowers and Lenders: The Demand for and Supply of Funds (HSC SSCE Economics): Quizzes
📚Quizzes
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Practise the questions
10 questions from this quiz
What is the 'price' in the money market?
What is the 'price' in the money market?
Interest rate
What does a bank receive as security when providing a mortgage to purchase a home?
What does a bank receive as security when providing a mortgage to purchase a home?
The home itself
Why do unsecured loans typically have higher interest rates than mortgages?
Why do unsecured loans typically have higher interest rates than mortgages?
Higher risk with no asset to claim if default
Which sector accounts for the largest share of borrowing in the Australian economy?
Which sector accounts for the largest share of borrowing in the Australian economy?
Business sector
What are the three motives for holding money?
What are the three motives for holding money?
Transactions, precautionary, speculative
What does liquidity refer to in financial markets?
What does liquidity refer to in financial markets?
Ease of converting asset to cash
What was the ratio of Australian household debt to income by mid-2019?
What was the ratio of Australian household debt to income by mid-2019?
190%
How did cash usage change in Australia between 2007 and 2016?
How did cash usage change in Australia between 2007 and 2016?
Declined from 69% to 37% of transactions
What percentage of total household debt is housing-related?
What percentage of total household debt is housing-related?
Over 70%
What was Australia's net foreign debt in 2019?
What was Australia's net foreign debt in 2019?
Exceeded 1.1 trillion USD