When interest rates on borrowed money are lower, it becomes cheaper for individuals to borrow money, as they must pay less additional money as interest. Thus, they tend to borrow more money and use it to purchase more things. The opposite occurs when interest rates increase.
When interest rates on invested money are lower, people make less return off of their investments, so they tend to invest less. Again, the opposite occurs when interest rates increase.
Answer:
George Washington (1732-99) was commander in chief of the Continental Army during the American Revolutionary War (1775-83) and served two terms as the first U.S. president, from 1789 to 1797. The son of a prosperous planter, Washington was raised in colonial Virginia.
Explanation:
(What a budget is) A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. (How to make a budget) figure out your after-tax income. If you get a regular pay-check, choose a budgeting plan. Any budget must cover your needs. (How to balance it) Establish you budget before creating a budget review your financial history, separate the necessities from the wants, track your expenses.
Option 3) amendment 8 prohibits cruel and unusual punishment.
