What happens to borrowing when interest rates rise?
A) It increases
B) It decreases
C) It can increase or decrease
D) It is impossible to tell

Name: What happens to borrowing when interest rates rise? A) It increases B) It decreases C) It can increase or decrease D) It is impossible to tell
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Question

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When interest rates rise, borrowing becomes more expensive for individuals and businesses. As a result, they may be less likely to borrow money, causing borrowing to decrease.

What Happens to Borrowing When Interest Rates Rise