answersLogoWhite

0

What is the effect of the US having a low savings rate?

Updated: 8/21/2019
User Avatar

Wiki User

10y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the effect of the US having a low savings rate?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Do you want a high or low interest rate in a savings bond?

If you are investing in a savings bond, you wish for it to have a high rate of interest. If you are selling savings bonds, you wish it to be at a low rate of interest.


What is the pulse rate of nilgai?

Plus rate of Nilgai is low. Low is having better having it high.


What are some benefits of storing money in a high rate savings account?

One benefit of using a high rate savings is having low to no minimum balance so one does not need to worry about maintaining a certain balance in the account. The main benefit of this type of account, however, is the high interest rate on the account which means one's money will generate more interest than in regular savings accounts.


What are the benefits of having Halifax savings accounts?

Some of the benefits of having a savings account with Halifax include the low interest rates. Unlimited transactions allowed and the low cost of opening the accounts are key features as well.


What do savings account usually offer a high or low interest rate?

As low an interest as the borrower can get away with and still attract investment.


How high is the interest rate on savings?

The interest rate on savings can be as high as 2.5% in the UK, despite the extremely low national interest rates. If one is willing to lock their money up for longer, e.g. such as a bond, they might get a higher rate.


What is low's capital?

Low capital formation is the prevalence of having savings lower than your debts. This often occurs during recessions in the economy.


What are some goals of federal economic policy?

smoothing out business cycle growth low inflation high savings rate


What is low capital formation?

Low capital formation is the prevalence of having savings lower than your debts. This often occurs during recessions in the economy.


What does having a low apr mean?

APR stands for Annual Percentage Rate. Having a low APR on a credit card means that when a person fails to pay off their full balance on a credit card the person will have a low rate of interest.


What is the difference between a savings account and a certificate of deposit?

In a regular savings account, the funds are always available for withdrawl. As a result, savings accounts generally have a low rate of interest. A certificate of deposit is an investment for a specific amount of time. The funds are not available until the certificate has matured, therefore, it has a slightly higher rate of interest than a savings account.


What are core deposits and why are they important today?

Core deposits are the most stable components of a bank's funding base and usually include smaller-denomination savings and third-party payments accounts. They are characterized by relatively low interest-rate elasticity. A bank holding a substantial proportion of core deposits has an advantage in having access to a stable and cheaper source of funding with relatively low interest-rate risk