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QUESTION 2 [20 MARKS] 2.1 In 2020, the Bank of Namibia has cutting the interest rate twice in a year and similar to decisions was

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QUESTION 2 [20 MARKS] 2.1 In 2020, the Bank of Namibia has cutting the interest rate twice in a year and similar to decisions was also taken by South African Reserve Bank and other central banks. The central banks argued that this decision was taken to stimulate growth and cushion the anticipated negative effects of COVID-19.What are benefits of loan to the welfare of the borrower and profitability for the bank

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