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Name two reasons interest rates on long-term deposits are higher.

Name two reasons interest rates on long-term deposits are higher.
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Name two reasons interest rates on long-term deposits are higher.

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User Bagaskara
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1 Answer

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1. The money is required to stay in the bank longer
2. Because inflation erodes the value of savings, the higher interest rate helps decrease the amount of money lost.
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User Fujia
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