When the federal government raises interest rates, which of the following is generally impacted positively for a consumer?(1 point)

Question

Responses

Credit card payment
Credit card payment

Real estate investment
Real estate investment

Savings account
Savings account

Stock investment

Answer 1

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 better returns on savings accounts, as banks often raise the interest rates they offer on deposits in response to an increase in the federal interest rate.