Bankers cannot determine the level or trend of market interest rates;instead,they can only react to the level and trend of rates.

Question

Quizplus · Accepted Answer

Bankers do not have control over market interest rates, as they are determined by various economic factors such as inflation, supply and demand, and government policies. Therefore, bankers can only respond to the existing level and trend of rates by setting their own borrowing and lending rates.

Bankers Cannot Determine the Level or Trend of Market Interest