Explain the essential role of interest rate for our economy
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Explain the essential role of interest rate for our economy
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Answer:
influence the cost of borrowing, the return on savings
Explanation:
Interest rates are one of the most important aspects of the American economic system. They influence the cost of borrowing, the return on savings, and are an important component of the total return of many investments. Moreover, certain interest rates provide insight into future economic and financial market activity.