When the interest rate on a bond is ________ the equilibrium interest rate, in the bond market there is excess ________ and the interest rate will ________.

When the interest rate on a bond is ________ the equilibrium interest rate, in the bond market there is excess ________ and the interest rate will ________.



A) above; demand; rise
B) above; demand; fall
C) below; supply; fall
D) above; supply; rise




Answer: B


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