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4 years ago

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

2 answers:

Elena-2011 [213]4 years ago

8 0

I believe the answer is: Low interest rates encourage consumers to borrow and spend, while high interest rates encourage saving.

Which is why banks tend to give low interest rates when the economy is doing well, in order to promote growth to all available economic sectors. High interest rates on the other hand, tend to be implemented during inflation. When people are encouraged to save, the amount of money circulated in the market would be reduced, and the values of the currency would go up.

podryga [215]4 years ago

6 0

Low interest rates encourage consumers to borrow and spend, while high interest rates discourage such behavior.

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Which of the following is not an example of a conflict involving social work values and ethics?

Elis [28]

Answer: I am saying a

Explanation:

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3 years ago

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VladimirAG [237]

Answer:

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4 years ago

Finance sector is a very sensitive field. Do you agree? Give reasons.

Leviafan [203]

Answer:

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3 years ago

Many modern universities in Europe began as which of the following?. . A. Churches. . B. Hospitals. . C. Monastic schools. . D.

brilliants [131]

The answer is :A. churches

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3 years ago

Read 2 more answers

Jared's friends invite him to dinner at a local restaurant that serves Cuban food. Jared declines the offer because he dislikes

aalyn [17]

Answer:

"Preference for another style of food."

Explanation:

Let us check each statement with provided information to reach to the correct answer.

Given Information:

"Jared dislikes the flavors in Cuban dishes"

Statement # 1:

As Jared's friends invited him to dinner, he won't have to pay for it and hence won't have to worry about the budget and his income. Thus, this statement is incorrect.

Statement # 2:

Same reason as for the previous statement. Since the friends invited him he won't have to worry about their prices. Incorrect Statement.

Statement # 3:

It is mentioned that Jared does not like Cuban food, thus he might prefer another food style. This statement is correct.

Statement # 4:

Price is not the primary concern, therefore this statement is incorrect.

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3 years ago