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Answer to Question #295289 in Finance for ayza

Question #295289

Is everybody worse off when interest rates rise?


1
Expert's answer
2022-02-08T12:10:50-0500

Answer:

NO

Explanation: When a person lends or borrows money to be an investment, they worse off because the person will need more money to finance the investment where savers can earn more amount of interest depending on their savings.



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