Interests rate Flashcards
1
Q
Interests rates
A
The cost of borrowing money, expressed as a percentage of the amount borrowed
A high rate of interest is bad for the Business because
It increases the demand of businesses with a bank overdraft or bank loan
It decreases the demand for their products
A low rate is good for businesses
It decreases the cost of the demand of businesses with a bank overdraft or bank loan
It increases the demand of the products
