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why are cd rates rising now?

2007-09-01 14:17:49 · 1 answers · asked by Anonymous in Business & Finance ➔ Investing

1 answers

Banks are hesitant to loan to one another so to protect liquidity banks are raising their rates, locking the money up so it doesn't go elsewhere.

2007-09-04 04:09:58 · answer #1 · answered by OPM 7 · 0⤊ 0⤋

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