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2.8.4 Interest rates and saving, borrowing, investment
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Interest rates are a price and a reward

Interest rates are a price and a reward

Diagram showing how a high interest rate affects saving, borrowing and investment

An interest rate is the price paid to borrow money and the reward earned for saving it. It is expressed as a percentage of the amount borrowed or saved over a period such as one year.

2.8.4 Interest rates and saving, borrowing, investment Lesson

  1. GCSE
  2. /Economics
  3. /2.8.4 Interest rates and saving, borrowing, investment

Step-by-step lessons on OCR GCSE Economics 2.8.4 Interest rates and saving, borrowing, investment. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons