teenwolflover112
teenwolflover112 teenwolflover112
  • 12-04-2017
  • Business
contestada

Name two reasons interest rates on long-term deposits are higher.

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masonlawiii
masonlawiii masonlawiii
  • 12-04-2017
1. The money is required to stay in the bank longer
2. Because inflation erodes the value of savings, the higher interest rate helps decrease the amount of money lost.
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