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Higher interest rates increase the cost to borrow for both consumers and businesses because even though the amount of money borrowed remains the same, the
Higher interest rates increase the cost to borrow for both consumers and businesses because even though the amount of money borrowed remains the same, the amount of interest on the loan increases. With rising interest rates, it costs more for INDIVIDUAL CONSUMERS to borrow money, and, as a result many consumers are
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
