teenwolflover112 teenwolflover112

12-04-2017
Business

contestada

Name two reasons interest rates on long-term deposits are higher.

Respuesta :

masonlawiii masonlawiii

12-04-2017

1. The money is required to stay in the bank longer
2. Because inflation erodes the value of savings, the higher interest rate helps decrease the amount of money lost.

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