Question

Online mortgage companies have been growing in numbers and size. If all other things are equal, as a result of this growth, traditional banks have had to a. decrease the interest on their mortgage loans as the supply for all mortgage loans decreased. b. increase the number of loans they make and the interest rate they charge. c. decrease the interest on their mortgage loans as the demand for traditional mortgage loans decreased. d. increase the interest on their mortgage loans as the demand for all mortgage loans increased.

Answer 1

The correct option is "C" "Decrease the interest on their mortgage loans as the demand for traditional mortgage loans decreased"

Step-by-step explanation:

The banks should diminish the financing cost on their home loan credits in the market for conventional advances on the grounds that at a lower request the interest bend will move to one side diminishing the financing cost and amount