How do low interest rates affect our purchasing?
Low interest rates can encourage people to make purchases by making borrowing cheaper. When interest rates are low, loans, credit cards, and other forms of credit become more affordable, as the cost of borrowing decreases. This can lead to an increase in consumer spending as people are more likely to take out loans to purchase goods or services.
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Asked 10/15/2010 4:46:59 PM
Updated 3/1/2023 12:29:54 PM
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Masamune [3/1/2023 12:29:52 PM]
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