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daddy what's interest mean??
what should we do with these interest rates?
dats soo kewwwl
Well honey, interest is money that paid at a particular rate for the money lent.
If people are getting higher credit from banks, interest rates should go up.
why is that?
Because credit allows one party to lend or provide money and other resources to another party.
Ohh, I see.
Therefore, If we raise interest rates on goods and services, we will earn more money
Sure thing Karen, I will be right on it!
Thank you, sir.
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