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How does an increase in interest rate affect borrowing and spending?a)Prompts consumers to increase borrowing and spendingb)Prompts consumers to decrease borrowing and spendingc)Has no effect on borrowing and spendingd)Leads to uncertainty in borrowing and spendingCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about How does an increase in interest rate affect borrowing and spending?a)Prompts consumers to increase borrowing and spendingb)Prompts consumers to decrease borrowing and spendingc)Has no effect on borrowing and spendingd)Leads to uncertainty in borrowing and spendingCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How does an increase in interest rate affect borrowing and spending?a)Prompts consumers to increase borrowing and spendingb)Prompts consumers to decrease borrowing and spendingc)Has no effect on borrowing and spendingd)Leads to uncertainty in borrowing and spendingCorrect answer is option 'B'. Can you explain this answer?.

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