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From course:

GCSE Business 2020-2022 OCR

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Question:

How can Interest Rates be an Aspect of the Economic Climate? -Give an Advantage and a Disadvantage if Interest Rates Fell

Author: eric_galvao



Answer:

-Interest Rates will affect Consumers and Businesses -They can Influence the Options of Saving your Money, or Taking a Loan -Changes to the Interest will Ultimately affect the Economy -Low Interest Rates will lead to Businesses Investing and Consumers Spending More, but will have Less People Saving their Money.


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