Weegy: in the long run higher interest rates can result in the item costing much more than the original ticket price. The longer it takes you to pay off the item the higher the overall cost
User: nice respose thank you do you have any more ideas I have to have 200 words
Weegy: lol. I will pass it on to another weegy member perhaps they will have another take on the question. good luck!
User: ok ty
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Interest rates significantly impact purchasing decisions by affecting the cost of borrowing money. Higher rates lead to more expensive loans, reducing affordability and discouraging borrowing. This can delay purchases, influence saving choices, and impact long-term financial plans. Economic conditions and consumer confidence are also influenced by interest rates, shaping spending and investment decisions. Ultimately, interest rates play a crucial role in determining the cost of goods and services and shaping consumer behavior.
Added 8/25/2023 6:29:01 AM
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