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because they need it for buildings and new schools and hospitals
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∙ 13y ago
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What are people who study economics called?
economists
What economists study?
math money the future of tomorrow
Economists do not study retail stores or households?
false
How do interest rates affect household saving?
Well you need to look at it from both the perspective of receiving interest payments and paying interest. In relation to paying interest, household savings generally decline with low rates. This is because when you are paying low interest rates on the things you purchase you are also receiving low rates on your savings. This usually has the affect of boosting the economy. If rates are low people are enticed to spend their money since a) they are getting a small return on their savings and b) borrowing money is costing them little. When interest rates are high it generally increases household savings for exactly the opposite reasons low rates decrease savings. High interest rates when borrowing also mean higher rates for saving. Economies that are experiencing high rates of inflation will raise interest rates. Nobody wants to pay alot in interest so as rates climb they borrow less and save more. This is removing money from the economy and putting it into savings thereby slowing demand for goods and increasing supply. This will usually reign in inflation, and increase household savings.
Why is there low capital formation in third world countries?
capital fromation, or investment, is funded by savings. Low incomes and high consumtption rates result in low savings rates hence a scarcity of funds for capital formation
Where can you find the best savings rates?
To find the best savings rates you can visit any of a number of websites which specialize in savings rates. The best sites update their information daily.
What are people who study economics called?
economists
Where can one find the highest savings interest rates?
One can find the highest savings interest rates by going to the Savings Accounts website. The website has a list of the top 10 Savings Accounts that have high interest rates.
How can you attain the best interest rates on savings?
There are many options for savings accounts which provide different interest rates. For traditional savings accounts, online banks typically yield the best rates.
Economists do not try to?
study the process of the human mind
What economists study?
math money the future of tomorrow
Economists do not study retail stores or households?
false
What are the best deals of rates savings?
Savings rates vary depending on what type of account one has. While savings rates are very low currently, one can find higher rates if one looks around. If one looks around, one can find interest rates of 4% and above.
Compare Savings Rates?
Compare Savings Rates Even a small difference in the interest you are paid on your savings can add up over time. Use this calculator to see how different savings rates can impact your savings strategy! This calculator can also show you how deposits at the start of each month, compared to the end of the month, can impact your savings balance.
What are some of the best savings rates?
Savings rates average from 1%-2%. A bank will give you a savings rate based on your credit and the amount of money you're intrusting to their institution.
Who has the best interest rates for an online savings account?
According to a recent study, Capitol One Bank has the best online savings account. The others that made the top three on the list were Nationwide Bank and Ally Bank.
What are some features of top savings accounts?
Some features of top savings account are low interest rates, easily accessible accounts, fixed rates, ethical savings, advice, and go out of there way to protect your savings.
