O'Reilly logo

Brilliant Economics by Phil Thornton

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Image

They say that everything has its price and that is true even for money. Interest rates are the price of money – although strictly speaking interest rates are more accurately the price for borrowing or lending money. Anyone who has a mortgage, or has taken out a loan with their bank to fund their business or pay for a holiday knows that interest rates matter. Equally, anyone who has tucked their nest egg away in a savings account will know that the interest rate is one of the most important parts of the deal.

Just as the price of a good or service will affect how much demand and supply there is, so interest rates will influence how keen people ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required