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The text indicates 4 main influences on interest rates, including preferences for consumption vs. saving. Do you think these preferences are more influenced by advertisements
The text indicates 4 main influences on interest rates, including preferences for consumption vs. saving. Do you think these preferences are more influenced by advertisements for products that are consumable today, or by ads that advocate investing for tomorrow? Why? The text suggests that income, standard of living, and wealth can affect the ability to save or not. Are there other factors the text doesnt explicitly mention which you think influence peoples saving and spending habits?
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