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Why would banks offer lower interest rates for loans? a) to encourage savings b) to discourage spending c) to encourage people to borrow money d) to discourage people to borrow …

Why would banks offer lower interest rates for loans? a) to encourage savings b) to discourage spending c) to encourage people to borrow money d) to discourage people to borrow …
asked 189k views
1 vote
Why would banks offer lower interest rates for loans?

a)
to encourage savings

b)
to discourage spending

c)
to encourage people to borrow money

d)
to discourage people to borrow money

asked
User Jake Spencer
by
8.4k points

2 Answers

5 votes

Answer:c

Step-by-step explanation:

answered
User Bbkglb
by
9.1k points
2 votes
c) to encourage people to borrow money 
answered
User Mahmood Dehghan
by
8.0k points
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