32) The relationship between interest rates and supply of savings is: a. A positive one b. A negative one c. Neither positive nor negative d. Both positive and negative e. Not enough information to answer the question
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Interest rates are the cost of borrowing money or the return on lending money. When interest rates are higher, it incentivizes people to save more because they can earn more on their savings. Conversely, when interest rates are lower, the incentive to save Show more…
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