What would most likely happen if the Federal Reserve raises interest rates from 5% to 10%? (Select all that apply)

- more consumers will borrow money

- the economy will slow down

-the sale of building supplies will decrease

-more homes will be purchased

Question

Jacquelyn Monroe

29 October, 09:00

+3

Answers (1)

Know the Answer?

Montana · Answer 1

If the reserve was to raise its percents more consumers would borrow money therefore more homes would be purchased.

What would most likely happen if the Federal Reserve raises interest rates from 5% to 10%? (Select all that apply)- more consumers will borrow money- the economy will slow down-the sale of building supplies will decrease-more homes will be purchased