Economy, asked by KaahDonald, 5 hours ago

Why do many interest rates exist in an Economy.

Answers

Answered by chuuuuu
0

Answer:

Interest rates are one of the most important numbers in the economy because they influence how likely people are to borrow money. If interest rates are really high, it's expensive to borrow money. When they're low, it's much cheaper.

Explanation:

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