what is different about interest rates, or price of credit, from other prices in the economy
to make the economy more effective and efficient
rising interest rates usually means the economy has less
lower
Canadian interest rates may be lowered to encourage people to borrow more money and invest. Low interest rates can foster business activity if an economy is experiencing less productivity.
how interest rates affect the sa economy
what is different about interest rates, or price of credit, from other prices in the economy
to make the economy more effective and efficient
rising interest rates usually means the economy has less
lower
When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.
Canadian interest rates may be lowered to encourage people to borrow more money and invest. Low interest rates can foster business activity if an economy is experiencing less productivity.
Many factors determine mortgage interest rates. Most of it will depend on the economy and the glut or scarcity of houses that are available.
Yes, the interest rates will most likely go up due to the economy
When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.
interest rate
It is good when the economy is growing and the nation is growing. With lower interest rates, people can arrange cash easily through loans and use it to expand their businesses. This would in turn help the economy grow.