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When you are borrowing money do you want a high or low interest rate?
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What are interest rate?
Extra money you pay back for the priveledge of borrowing it.
Is high interest rate good or bad?
That depends on whether or not you're lending or borrowing. Lending = good Borrowing = bad
Is it better to have a higher the interest rate on a credit card the better that is for the card holder?
No. Using a credit card usually involves borrowing money and you want the lowest interest rate you can get. On the other hand, when saving money you want the highest interest rate.
Would it be advantageous to borrow money if you expected prices to rise?
If you expect prices to rise when borrowing money it depends on if the interest rate is smaller than the rate of inflation. If the interest rate is smaller than it could be advantageous.
When we talk of interest rates are these the borrowing rates or the lending rates?
When we talk of interest rates , we are talking of the interest rate on the total amount of money borrowed by a person.
The federal reserve can change the interest rate to help the economy. What is the interest rate?
the cost of borrowing money
The Federal Reserve can change the interest rate to help the economy What is the interest rate?
the cost of borrowing money
What does interest rate represents in terms of the demand for money?
the price of borrowing money
What are interest rate?
Extra money you pay back for the priveledge of borrowing it.
What is Is the percentage of interest you must pay for borrowing money.?
The Intest rate
What is an interest rate?
The interest rate is the cost of borrowing money, expressed as a percentage, usually over a period of one year.
What is the percentage of interest you must pay for borrowing money is called?
The Intest rate
Is high interest rate good or bad?
That depends on whether or not you're lending or borrowing. Lending = good Borrowing = bad
How does the federal reserve reducing the interest rate affect the bond market?
The cost of borrowing money.^%
What is the money rate?
There is no single "money rate". There are rates of exchange between the currencies of most countries. These are dynamic rates and change continuously. You can find reasonably up-to-date rates from various currency exchange rate websites.Then there are interest rates for borrowing and lending. Interest rates for borrowing will depend on what you are borrowing for, how long you are borrowing for and your credit-worthiness. The rate of interest that you might get for saving depends on the amount and the period.All these rates depend on the state of the economy and the expected development in the economy over the period in question.
Is it better to have a higher the interest rate on a credit card the better that is for the card holder?
No. Using a credit card usually involves borrowing money and you want the lowest interest rate you can get. On the other hand, when saving money you want the highest interest rate.
Would it be advantageous to borrow money if you expected prices to rise?
If you expect prices to rise when borrowing money it depends on if the interest rate is smaller than the rate of inflation. If the interest rate is smaller than it could be advantageous.
