Last Updated 08 May 2020

What happens to Consumer and business spending when the interest rates go up?

Category business, Consumer
Essay type Research
Words 66 (1 page)
Views 33

What happens to consumer and business spending when the interest rates go up? Both spendings decrease because the money itself becomes more expensive. All loans and credits are more expensive to take from bank for the end users and business because commercial banks take this money from the central bank at the higher rate. It also leads to the shortage of the cash available on the market

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What happens to Consumer and business spending when the interest rates go up?. (2018, Oct 08). Retrieved from https://phdessay.com/what-happens-to-consumer-and-business-spending-when-the-interest-rates-go-up/

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