Question

adjustments in interest rates can have good and bad impacts.
interest rates falling is good news for which group?
choose 1 answer:
a savers
b borrowers
c lenders
d retirees

Explanation:

• For savers (A), lower interest rates mean less return on savings, so it's bad.
• For borrowers (B), lower interest rates mean they pay less in interest on loans, which is good.
• For lenders (C), lower rates mean less income from lending, bad.
• For retirees (D), many rely on savings returns, so lower rates hurt them.

Answer:

B. borrowers