Question: Dear Money Means?
a. Low rate of interest
b. High rate of interest
c. Depression
d. Inflation
Show Answer
High rate of interest
“Dear money” refers to a situation where borrowing costs are high due to elevated interest rates. This makes loans and credit more expensive, which can slow down economic activity by discouraging borrowing for investment and consumption. High interest rates are typically implemented to control inflation but can also lead to reduced spending and investment.