QUESTION IMAGE
Question
changes in interest rates can have both helpful and unhelpful impacts.
interest rates falling is bad news for which group?
choose 1 answer:
a homebuyers
b small businesses
c savers
d construction companies
Brief Explanations
When interest rates fall, savers earn less interest on their savings (e.g., in savings accounts, bonds). Homebuyers benefit from lower mortgage rates, small businesses from cheaper loans, and construction companies from increased housing demand due to lower rates. So falling rates are bad for savers.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
C. savers