Forums Economics Assignment Help GCSE Select most likely group to benefit from higher interest rates?

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    nammy
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    Which one of the following groups is most likely to benefit from higher interest rates?
    A. Borrowers
    B. Mortgage holders
    C. Retailers
    D. Savers

    #16069

    nammy
    Participant

    Answer: B- Mortgage holders
    Reason: It is person who provides funds to the borrower i.e. loans and the mortgage loan consists of a promissory note and a security interest. Thus, a high interest rate would be profitable for the mortgage holders

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