Interest rates measure the annual rate of growth of prices in the Australian economy,while inflation rates measure the cost of borrowing money.

Name: Interest rates measure the annual rate of growth of prices in the Australian economy,while inflation rates measure the cost of borrowing money.
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Question

Quizplus · Accepted Answer

The statement is incorrect. Interest rates measure the cost of borrowing money, while inflation rates measure the general level of prices in the economy.

Interest Rates Measure the Annual Rate of Growth of Prices