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What the consumer would most likely

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Problem 1: A consumer is saving just in order to make a $15,000 down payment for a home mortgage. If the interest rate or rate of return on saving were higher but the required down payment amount stayed the same, the consumer would most likely

a) save more, since the return to saving is higher.
b) save more since it would be necessary to save more to make the down payment.
c) not save more, since the return to saving is higher.
d) answers a and b are both correct.
e) No other answer is correct

Reference no: EM132713095

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