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3 years ago

6

Why would banks offer lower interest rates for loans? A) To encourage savings. B) To discourage spending. C) To encourage people

to borrow money. D) To discourage people to borrow money.

2 answers:

Vikentia [17]3 years ago

6 0

The answer is C because if interest rates were high then people would feel less inclined to get a loan and most banks make their money off of loans.

Anestetic [448]3 years ago

3 0

I think the answer is c.

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