If possible, could you relate it with inflation rate as well.
ps. my reading comprehension on fundamentals are horrible! Keep it simple please!!
ps. my reading comprehension on fundamentals are horrible! Keep it simple please!!
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DislikedIf possible, could you relate it with inflation rate as well.
ps. my reading comprehension on fundamentals are horrible! Keep it simple please!!Ignored
DislikedThanks! However there is one thing I don't get. Say when we deposit money into the bank, with high interest rates, we get more interest over time right?
Wouldn't that make the demand for the currency increase? Since its a good place to grow your money in the bank.
And higher interest rates slows down the economy and depreciates the currency.
What does interest rate refer to? When we deposit money or when we borrow money?Ignored