The housing loan rate has decreased recently and resulted in a price war amongst several banks as reported in main stream newspapers. See below. http://www.businesstimes.com.sg/real-estate/uob-hsbc-join-mortgage-war-with-3-year-fixed-rate-packages We were taught that Singapore’s interest rates are pegged to US and hence any fluctuations here must be due to interest rate fluctuations from the Federal Reserves. In this case,…
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As usual, it’s just a guess. Nothing beats hard work. As of now you still have 1 month to work hard. Here we go! Answer three questions in total. Section A One or two of your three questions must be from this section. 1. Crude oil prices fell sharply in the fourth quarter…
WHAT IS DEFLATION? Articles are from investopedia. Deflation is an economic term used to describe a period of declining prices for goods and services. Decreases in the money supply, government spending, consumer demand and business investment have all been cited as causes of deflation. Deflation usually happens during an economic depression when there is lower…