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What is the effect of interest rate policy on loan, advances and savings?

2006-08-07 01:10:22 · 1 answers · asked by oluwaferanmi f 1 in Business & Finance ➔ Other - Business & Finance

1 answers

If interest rates increase, fewer people apply for loans and savings rates increase.

I don't know what kind of adcances you are referring to.

2006-08-07 13:38:18 · answer #1 · answered by ps2754 5 · 0⤊ 0⤋

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