Economics class: Barclays and Santander announce cuts to UK mortgage rates
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
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Specification:
Market structures, financial markets
Click to read the article and then answer the questions:
Barclays and Santander announce cuts to UK mortgage rates
Explain what is meant by a mortgage
Distinguish between a fixed-rate mortgage and a variable-rate mortgage
Identify two reasons why some of the cheapest mortgage deals are available to those with significant deposits
“The changes follow rate cuts announced last week by HSBC, Halifax and Leeds Building Society across their residential lettings”.
Define oligopoly
Identify the key characteristics of an oligopoly
Draw and explain the kinked-demand curve
Evaluate whether the banking industry is an oligopoly
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