Biology Forums - Study Force

The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.

Who	Intent	Amount Needed
Mike	Save for child's college	$50,000
Sophie	Buy a car	$10,000
Pie's Pizza	Expand restaurant	$100,000
Sara	Save for retirement	$100,000

Refer to the table above. Why might Mike decide to decrease his saving?

▸ He wants to buy a new car.

▸ He loses his high-paying job.

▸ The interest rate is increasing.

▸ All the above statements could be true.

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