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Nostrana [21]
2 years ago
10

Which statement best describes the effects of low and high interest rates on the economy?

Social Studies
1 answer:
Firlakuza [10]2 years ago
4 0
<span>Low interest rates are good for the economy because more people will be able to afford payments. They can then get mortgages and credit cards which means more money is spent in the economy. It also lets people own more things they need instead of having to save up for a long time.</span>
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