Ask Question
28 June, 01:48

Describe how interest rate changes affect the saving rate in the united states. how do banks adjust interest rates on deposits and loans

+1
Answers (1)
  1. 28 June, 02:58
    0
    When the Fed lowers the rate, the opposite occurs. Banks are more likely to borrow from each other to meet their reserve requirements when rates are low. Credit card rates drop, so consumers shop more. With cheaper bank lending, businesses expand.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Describe how interest rate changes affect the saving rate in the united states. how do banks adjust interest rates on deposits and loans ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers