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velikii [3]
4 years ago
13

What happens when interest rates are lowered?

Social Studies
1 answer:
kramer4 years ago
6 0

Wow this is a complicated question okay. So interest is basically like the fee you pay or the bank pays you. If interest was lowered for the bank they would pay you less while if interest rates where lowered for you, you would pay less to the bank.  

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