Ask Question
21 April, 15:45

If the rate of inflation is higher than your interest rate on your savings account you are losing buying power

true or false?

+1
Answers (1)
  1. 21 April, 17:33
    0
    I believe it's false

    when interest rates are low, the economy grows and inflation increases. Conversely, when interest rates are high, the economy slows and inflation decreases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the rate of inflation is higher than your interest rate on your savings account you are losing buying power true or false? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers