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What is the interest rate supposed to rise to in August?
0.25%
25%
0.20%
20%
What are interest ratesset by the bank of england called?
Set Rates
Base rates
Call rates
Money rates
What is the ultimate effect of high interest rates?
Lower economic growth
Higher economic growth
High mortgage rates
High spending money
What are the two ways interest rates effect a business
The way in which consumers behave
The way in which businesses spend their money
The way in which a business sells products
The way a business chooses his suppliers
Which of these is an effect of increased interest rate on the economy
Increased cost of borrowing
Higher mortgage rates
Inflation will be higher
Unemployment will rise
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