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What is meant by interest elasticity

What is meant by interest elasticity
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What is meant by interest elasticity

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User Nawaab Saab
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1 Answer

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Answer:

Interest elasticity means that demand for a financial product changes with changes in the interest rate.

Step-by-step explanation:

The proportional change in the quantity of money demanded divided by the proportional change in interest rate.

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User Kilian
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