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2.2.2 Consumption (C)

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Question 32

Figure 1: Monthly value of new personal loan approvals in Canada, CAD $ billions, September 2020 – September 2022

MonthCAD $ billions
Sep 20208.9
Oct 20208.7
Nov 20209.1
Dec 20209.5
Jan 20218.1
Feb 20218.4
Mar 20218.8
Apr 20218.5
May 20219.2
Jun 20219.0
Jul 20218.8
Aug 20219.4
Sep 20219.1
Oct 20219.3
Nov 20219.7
Dec 20219.6
Jan 20229.2
Feb 20228.3
Mar 20229.5
Apr 20228.6
May 20229.9
Jun 20229.4
Jul 20229.6
Aug 20229.4
Sep 20229.0

Which one of the following would be most likely to cause an increase in new consumer personal loan approvals?

A reduction in central bank interest rates

A decline in consumer confidence index levels

An increase in corporate tax rates

An increase in the household savings ratio

2.2.2 Consumption (C) Questions

  1. A Level
  2. /Economics
  3. /2.2.2 Consumption (C)