Economic Effects of Interest Rates

Interest rates is the cost of borrowing and the reward for saving. They have been apart of human history with the earliest record of compound interest being 4400 years old. Want to know abou the economic effects of interest rates? Want to know how interest rates affect mortgages, business investment, consumption, the cost of borrowing, reward for saving, the exchange rate, government debt and more? What is hot money flows? Want to know more about the economy and economics. Economics explained to a layman audience. What are interest rates today? What about how interest rates affect finance? How does interest connect with mortgages? How do exchange rates and hot money flows connect?

Sources:
EconomicHelp:
https://www.economicshelp.org/macroeconomics/monetary-policy/effect-raising-interest-rates/#:~:text=Higher%20interest%20rates%20tend%20to,appreciation%20in%20the%20exchange%20rate.
History of Compound interest:
https://www.bbc.co.uk/news/business-39870485

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