Interest rates and how they work - South African rand
Interest rates and how they work 8. What are interest rates? Interest rates are prices for loanable funds – prices of funds invested, lent out or borrowed for various periods of time. The supplier or lender of funds normally wants to earn an income and the user or borrower will generally be prepared to pay for the right to use the accumulated funds. What determines the "price" of funds or level of interest rates? The … ................
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