Question :
Cheap money means:
Option 1:
low rates of interest
Option 2:
low level of savings
Option 3: low-level income
Option 4: excess of black money
Correct Answer:
low rates of interest
Solution : The correct answer is l ow rates of interest .
When interest rates are low, it is less expensive for people and businesses to borrow money from financial institutions. This is referred to as having "cheap money". This can encourage consumption and investment, which boosts economic activity. Since borrowing rates are typically low when money is cheap, this can result in higher consumption, investment and economic growth.
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