Question

Which statement best describes the effects of low and high-interest rates on the economy?

A) Low-interest rates encourage consumers to borrow and spend, while high-interest rates encourage saving.

B) High-interest rates discourage consumers from investing, while low-interest rates encourage investment.

C) High-interest rates encourage consumers to borrow and spend, while low-interest rates encourage saving.

D) Low-interest rates encourage consumers to invest, while high-interest rates discourage investment.