Mar 25, 2011 #1 T tMegant1 New member Joined Jan 8, 2009 Messages 3 Reaction score 0 Points 1 what is the purpose of interest rates lenders charge? why are they charged to the borrower?
Mar 25, 2011 #2 Z Zen Member Joined Apr 15, 2008 Messages 86 Reaction score 0 Points 6 Interest rates are charged to earn a profit, otherwise there wouldn't be profit in lending people money. Manipulating interest rates is also a tool used by the Central Bank to control the economic growth in the country.
Interest rates are charged to earn a profit, otherwise there wouldn't be profit in lending people money. Manipulating interest rates is also a tool used by the Central Bank to control the economic growth in the country.