Question: Interest rates are the extra amount that borrower needs to pay when borrowing money from someone or financial institutions. Describe FIVE (5) factors that affect
Interest rates are the extra amount that borrower needs to pay when borrowing money from someone or financial institutions. Describe FIVE (5) factors that affect the level of interest rates.
Step by Step Solution
There are 3 Steps involved in it
There are several factors that can affect the level of interest rates Here are five key factors 1 Inflation Inflation refers to the general increase i... View full answer
Get step-by-step solutions from verified subject matter experts
