If the interest rate increases to 4 percent will cause you to
A)Save more of your income
B)Save less of your income
C)Be more time patient
D)Be more time impatient

Question

Quizplus · Accepted Answer

When the interest rate increases, the return on savings and investments also increase, making saving more attractive. Therefore, individuals are more likely to save a larger portion of their income to take advantage of the higher interest rates.

If the Interest Rate Increases to 4 Percent Will Cause