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Why do interest rates on loans tend to be higher in a strong economy than in a weak one?

Why do interest rates on loans tend to be higher in a strong economy than in a weak one?
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Why do interest rates on loans tend to be higher in a strong economy than in a weak one?

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User Bart N
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1 Answer

6 votes
In a weak economy there is less demand for credit, so the price drops.
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User Darryl Morley
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