Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
What is world interest rate?
In an open economy, there is a world interest rate which influences the national levels of saving and investment. What is it, exactly?
2 Answers
- 8 years agoFavorite Answer
Australia 2.75% 3% -0.25% May 08 2013
Brazil 7.25% 7.5% -0.25% Oct 10 2012
Canada 1% 0.75% 0.25% Sep 08 2010
Chile 5% 5.25% -0.25% Jan 13 2012
China 6% 6.31% -0.31% Jul 05 2012
Colombia 3.25% 3.75%-0.5% Mar 25 2013
Czech Rep 0.75% 1% -0.25% May 06 2010
Denmark 1.25% 0.75% 0.5% Jul 08 2011
Egypt 9.25% 8.25%1% Nov 24 2011
European 0.75% 1% -0.25% Jul 05 2012
Monetary
Union
Hong Kong 0.5% 1.5% -1% Dec 17 2008
SAR
Hungary 6% 6.25% -0.25% Nov 27 2012
Iceland 6% 5.75% 0.25% Nov 14 2012
India 8% 8.5% -0.5% Apr 17 2012
Indonesia 5.75% 6% -0.25% Feb 09 2012
for more go to :http://www.worldinterestrates.info/
- 8 years ago
interest is the surplus amount that you have to pay or to get depending upon your loan lets suppose i lend (gave) you 100 $ and interest rate is 5% so you will be paying me 105 100 the principle or actual demand and 5$ which was interest as 5% of 100 is 5 so 105.
if the interest rate is lower people will invest more because they are getting nothing or a very less on their deposits in banks if the interest rate is higher then the investment would be lesser because htey are getting more on their deposits ..