During a financial crisis in the early 2000s, the government of Argentina partially froze bank accounts for a year. Given the supply of saving and the demand to borrow functions, we would expect this action to cause the interest rate to:
A. decrease and borrowing to decrease.
B. decrease and borrowing to increase
C. increase and borrowing to decrease
D. increase and borrowing to increase.
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Home » Business » During a financial crisis in the early 2000s, the government of Argentina partially froze bank accounts for a year. Given the supply of saving and the demand to borrow functions, we would expect this action to cause the interest rate to: A.