Standard #: SS.8.FL.3.3


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Discuss that interest rates paid on savings and charged on loans, like all prices, are determined in a market.


Remarks


Explain why banks that experience an increase in the number of people who want loans may decide to pay higher interest rates on deposits.

Related Courses

Course Number1111 Course Title222
2104060: M/J Introduction to Personal Financial Literacy (Specifically in versions: 2019 - 2022, 2022 - 2023, 2023 - 2024, 2024 and beyond (current))


Related Access Points

Access Point Number Access Point Title
SS.8.FL.3.AP.3 Identify why banks that experience an increase in the number of people who want loans may decide to pay higher interest rates on deposits.


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