An interest rate is the reward for saving and the cost of borrowing expressed as a percentage of the money saved or borrowed
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What happens when interest rates fall?
-cost of servicing loans/debts is reduced - boosting spending power and consumer confidence leading to more spending -effective disposable income rises leading to lower mortgage costs
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Benefits of environmentally friendly actions
-lower raw material costs and waste disposal charges -easier to raise finance -longer life of assets that are recycled or repaired
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Other cards in this set
Card 2
Front
Benefits of setting objectives
Back
-gives the business something to work towards -keeps staff motivated -shows the progress of a business
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