Ask Question
22 January, 14:55

If the rate of inflation is higher than your interest rate on your savings account you are losing buying power

true or false?

+5
Answers (1)
  1. 22 January, 15:21
    0
    I believe it's false

    when interest rates are low, the economy grows and inflation increases. Conversely, when interest rates are high, the economy slows and inflation decreases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the rate of inflation is higher than your interest rate on your savings account you are losing buying power true or false? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers