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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


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

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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