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Topic 8 - Coggle Diagram

- - - - High interest rates reward savers by giving a high return on any money
        deposited.
    - - However, high interest rates make borrowing very expensive,so if you have already borrowed money, your repayments might increase and you will be less likely to borrow more.
  - - - Low interest rates also mean that borrowing is cheap,
        so more people borrow money to spend.
    - - Low interest rates mean that saving money is less attractive, so people
        spend it instead. which could lead to losing it