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Interest Rates
When money is loaned out, the customer pays the loan back with a fee. The fee is predetermined at a specific rate. This is called an interest rate.
500 Questions
Why do you think the incarceration rates in the US are so high?
Asked by Wiki User
The high incarceration rates in the US can be attributed to various factors, including mandatory sentencing laws, the war on drugs, a focus on punishment over rehabilitation, systemic inequalities in the criminal justice system, and disparities in sentencing for marginalized communities. Additionally, privatization of prisons has created a profit incentive for incarceration.
When was In the Best Interest of the Children created?
Asked by Wiki User
"In the Best Interest of the Children" is a made-for-television movie that was created in 1992. It is a drama film that follows the story of a woman fighting for custody of her children.
What do you mean by Interest in current affairs?
Asked by Wiki User
Interest in current affairs pertains to staying informed about relevant and recent events happening in the world, such as political, social, economic, or cultural news. It involves actively seeking out information from various news sources to understand and engage with the world around us.
How will withdrawing cash from my savings affect my profit rate?
Asked by MicheJonsgp8545
bank profits rates can get affected with continuous withdrawals. Higher the balance more will be the profit earned.
Which situation most likely results when the government raises interest rates to Banks?
Asked by Wiki User
Fewer citizens borrow money to buy houses or cars
If Central wants to achieve lower nominal interest rates it has to raise the nominal interest rates.?
Asked by Wiki User
How can a change in interest rates affect the profitability of financial institutions in PDF?
Asked by Wiki User
What is the prime interest rate?
Asked by Wiki User
The "Prime Interest Rate" is the interest rate used by banks to base all their loan interest rates (and sometimes other interest rates) on and is usually lower than the lowest rate charged on loans to customers with the best credit ratings.
Which best describes the economic effect that results when the government increases interest rates and restricts the lending?
Asked by Wiki User
What may not be indicated by low long-term interest rates?
Asked by Wiki User
that consumers want to borrow money to invest
Four years ago Hakim borrowed 275 to help pay for new tires for his car. He agreed to pay interest at a simple annual interest rate of 4. How much did Hakim owe at the end of 4 years?
Asked by Wiki User
Interest each year is 275 × 4% = 275 × 4/100 = 11
→ total interest over 4 years is 4 x 11 = 44
→ total to repay after 4 years is 275 + 44 = 319
Why does a high interest rate discourage people from holding their money in cash?
Asked by Wiki User
They can earn interest on the cash if it is invested.
