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Aleonysh [2.5K]
3 years ago
15

Is a high interest rate better when you're a borrower or a lender? Why?

English
1 answer:
Paladinen [302]3 years ago
6 0
(Give brainliest plz) Inflation allows borrowers to pay lenders back with money worth less than when it was originally borrowed, which benefits borrowers. When inflation causes higher prices, the demand for credit increases, raising interest rates, which benefits lenders.
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