McqMate
| Q. |
Cheap Money means - |
| A. | Low Rate of Interest |
| B. | Low level of Savings |
| C. | Low level Income |
| D. | Excess of Black Money |
| Answer» A. Low Rate of Interest | |
|
Explanation: Cheap Money' is a loan or credit with a low interest rate, or the setting of low interest rates by a central bank like the Federal Reserve. Cheap money is good for borrowers, but bad for investors, who will see the same low interest rates on investments like savings accounts, money market funds, CDs and bonds. |
|
View all MCQs in
Economics (GK)No comments yet