Economy, asked by shasmita, 6 months ago

explain why interest rates are a major influence but not the only influence on savings decisions?​

Answers

Answered by aneesraafe
2

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

Answered by FairyLight
16

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.

Explanation:

Hope this answer will help you dear...

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