Question
When the federal government raises interest rates, which of the following is generally impacted positively for a consumer?(1 point)
Responses
Credit card payment
Credit card payment
Real estate investment
Real estate investment
Savings account
Savings account
Stock investment
Stock investment
Responses
Credit card payment
Credit card payment
Real estate investment
Real estate investment
Savings account
Savings account
Stock investment
Stock investment
Answers
GPT-4o mini
When the federal government raises interest rates, the option that is generally impacted positively for a consumer is:
**Savings account**
Higher interest rates typically lead to higher returns on savings accounts, meaning consumers can earn more interest on their savings.
**Savings account**
Higher interest rates typically lead to higher returns on savings accounts, meaning consumers can earn more interest on their savings.