which factor most directly influences how much money consumers are willing to borrow? influencing economic…
which factor most directly influences how much money consumers are willing to borrow? influencing economic growth influencing unemployment rates changing inflation rates changing interest rates
Answer
Brief Explanations:
Interest rates directly affect borrowing costs. Higher interest rates mean higher repayment amounts, so consumers are less willing to borrow, and vice - versa. Economic growth, unemployment, and inflation have more indirect impacts on consumer borrowing decisions.
Answer:
changing interest rates