Question

When interests rates are high, it costs less money to borrow money. please select the best answer from the choices provided t f?

Answer 1

The Answer would indeed be False

Answer 2

The sentence is False

The interest rate or interest rate, in economy, is the amount that is paid in a unit of time for each unit of capital invested. It can also be said that it is the interest of a unit of currency in a unit of time or the yield of the unit of capital in the unit of time. Therefore, the higher the interest, the more it costs to borrow money.