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28 October, 15:14

In each situation, tell whether you would want a higher or lower interest rate. Explain your reasoning.

a. you borrow money

You would want a lower/higher interest rate because you would pay less/pay more/receive less / receive more.

b. you open a savings account

You would want a lower/higher interest rate because you would pay less/pay more/receive less / receive more.

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  1. 28 October, 15:40
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    Step-by-step explanation:

    a. you borrow money

    You would want a lower interest rate because you would pay less

    b. you open a savings account

    You would want a higher interest rate because you would receive more.
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