24 February, 19:49
What factor reflects the 'cost of money'?
24 February, 21:32
The effection of cost of money relates to the financial outcome of the country. A good example would be the United States. During the Great Depression, the United States stock market crash has made money worth nothing back in the 1940's. Besides, the cost of money can also increase by georgraphical locations that contain material that could boost their economy like in Saudi Arabia they have oil, making their value of their currency twice as high. In conclusion the cost of money has a major effect on how the conditions are in the country
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