When interest rates fall,people are
A)More likely to borrow
B)Less likely to borrow
C)Not likely to change borrowing patterns
D)None of the above

Question

When interest rates fall,people are​
A)​More likely to borrow
B)Less likely to borrow
C)Not likely to change borrowing patterns
D)​None of the above

Quizplus · Accepted Answer

When interest rates fall, borrowing becomes cheaper, leading people to be more likely to borrow. Lower rates also make saving less attractive, as returns on savings accounts and other investments may decrease, prompting people to look for higher returns through borrowing or other investments.

When Interest Rates Fall,people Are​

When Interest Rates Fall,people Are