Diploma in Business Management at Nanyang Polytechnic
High interest rates means that borrowing money will be more expensive and it is better for people to save money which will decrease spending to slow down economy. Low interest rates means that people can borrow more money and people who save money will be affected which will increase spending to boost economy.
High interest rates means that borrowing money will be more expensive and it is better for people to save money which will decrease spending to slow down economy. Low interest rates means that people can borrow more money and people who save money will be affected which will increase spending to boost economy.