The higher the rate of interest, the more likely you will elect to invest your funds and forgo current consumption. Same question as the previous question?

Question

Quizplus · Accepted Answer

This statement follows the basic principle of economics where individuals are motivated to save and invest when there is a higher rate of return on their investment. Higher interest rates provide a strong incentive for individuals to invest their money and delay current consumption.

The Higher the Rate of Interest, the More Likely You