1. True or False? Inflation is when prices rise at a high rate. *
True or false
2. True of False. Interest rates are the percentage of a loan being paid by the person borrowing money to the lender (those they borrowed money from). *
True or false
3. Which is the most likely reason a person would be happy about holding a savings account at a bank? *
A. Banks pay some of the interest they receive back to people with savings accounts.
B. The more savings accounts that are open, the more money banks are able to lend to borrowers, who in turn pay the bank interest.
C. You are unable to get all of your money out at one time when you need it.
D. Financial services are very expensive.