explain why interest rates are a major influence but not the only influence on savings decisions?
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answer:Interest rates determine the amount of interest payments that savers will receive on their deposits. An increase in interest rates will make saving more attractive and should encourage saving. A cut in interest rates will reduce the rewards of saving and will tend to discourage savingl
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Answer:
Interests rate determine the amount of interest payments that savers will receive on their deposits. An increase in interest rates will make saving more attractive & should encourage saving. A cut in interest rates will reduce the rewards of saving & will tend to discourage saving.
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