How do interest rates affect our lives?
Interest rates are one way to express the price, or cost, of money obtained from someone else. For example, your credit card lends you money every time you make a purchase. Think about how interest rates affect your personal financial behavior with regard to spending and saving. Think also about the relationship between changing interest rates and longer-term interest bearing securities (bonds, mortgages, etc.), and how interest rates affect our lives in general.
Answer ALL 4 questions below:
Answer all of the questions below in (200 words or more). There are no wrong answers, but you must justify your opinions. Your answers must be well thought out, and well-written.
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