When interest rates are rising,a person would be best served by:

Question

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When interest rates are rising, it is best to opt for short-term savings instruments. This is because short-term savings instruments allow flexibility in adjusting to rising rates, whereas long-term instruments may lock in a lower rate for a longer period of time. Short-term loans and variable-rate loans may also be affected by rising rates, but it is not advisable to take on more debt when rates are high. Certificates of deposit may offer higher yields, but once again, may lock in a lower rate for a longer period of time.

When Interest Rates Are Rising,a Person Would Be Best Served