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17 December, 20:32

Describe how interest rate changes affect the saving rate in the united states. how do banks adjust interest rates on deposits and loans

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  1. 17 December, 23:54
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    When the Fed lowers the rate, the opposite occurs. Banks are more likely to borrow from each other to meet their reserve requirements when rates are low. Credit card rates drop, so consumers shop more. With cheaper bank lending, businesses expand.
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