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Oghenekome Irobo


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Emmanuel Inyang
Noble Member

When the economy is strong, everyone dreams of low interest rates, because this makes it less expensive to borrow money. … Lower rates encourage businesses and consumers to borrow and buy things. Loans put money into circulation and raise the money supply, which supports an economic recovery — to a point

Shemzy Samuel
Noble Member

Low interest rate to a banker or a customer? i think the person in exact gain little compare to the actual amount he or she would have gotten in that duration on another project. the time wasted could be a disadvantage too.

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