AnswersCMS 2026-2027 Economics and Personal Finance CREDIT RECOVERYPretestQuestion 4
4
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Question 4 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

Which statement best describes the effects of low and high interest rates on the economy?

Answer
A
High interest rates discourage consumers from investing, while low interest rates encourage investment.
B
Low interest rates encourage consumers to invest, while high interest rates discourage investment.
C
High interest rates encourage consumers to borrow and spend, while low interest rates encourage saving.
D
Low interest rates encourage consumers to borrow and spend, while high interest rates encourage saving.
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