Interest rates

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Interest is the reward for saving and the cost of borrowing 

if interest is high then customers like to save money in the banks as they can make more money from keeping it there , as customers are saving businesses may have to lower their prices to gain sales( taking a different marketing approach) , it is also likely that they will lose sales revenue and this pus the business at risk of failing borrowing is expensive so business costs go up because of the cost of a loan they may have out and they will have to pay it back will more interest

if interest…

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