Explain interest rates and how interest rates are determined. Explain how financial institutions (banks and credit unions) make it possible for businesses to borrow and spend on new capital investment (machinery, tools, equipment) and for households to borrow and spend on purchases.
Standard detail
Depth 2Parent ID: 5D541212518F41619663099AC1C61AF2Standard set: Grades 9–12: Economics
Original statement
Quick facts
- Statement code
- Standard ID
- 7A07FDE320D3480DBA0AF3544AE21062
- Subject
- Social Studies (2021-)
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 5D541212518F41619663099AC1C61AF26324BCD6E8F74EE5BD8436CBE5426919
- License
- CC BY 4.0 US