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

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asked Jun 27, 2018 69.2k views

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Fujia · Answer 1 · 2018-07-02T02:24:18+0000

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.

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

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