Axis
Valued Contributor
the eradication of inflation would bring about some positive effects when inflation is being eradicated the savings rate will be high because when inflation is available in an economy people tend to spend more money l which lead to low savings or no savings at all so in its eradication this will be vice versa people have more money to save instead of spending.
the interest rate in which bank gives to customers who borrow money from them will reduce and when this is low it will encourage client to borrow money for investment purposes. the value of money will not depreciate as well that is the value of money receive will be much greater than the value of money spent out and not vice versa.
investment will be encourage when inflation is being eradicated in a country because the value of money will increase and when the value of money increases the interest interest rate posed by banks to customers who reduce and this will encourage customers to borrow money from these banks for investment purposes either on a business or adventure.
when inflation is been eradicated in the country the cost of living will be low and we know that when it cost of living is low it promotes high standard of living due to the increase on the value of money.
the interest rate in which bank gives to customers who borrow money from them will reduce and when this is low it will encourage client to borrow money for investment purposes. the value of money will not depreciate as well that is the value of money receive will be much greater than the value of money spent out and not vice versa.
investment will be encourage when inflation is being eradicated in a country because the value of money will increase and when the value of money increases the interest interest rate posed by banks to customers who reduce and this will encourage customers to borrow money from these banks for investment purposes either on a business or adventure.
when inflation is been eradicated in the country the cost of living will be low and we know that when it cost of living is low it promotes high standard of living due to the increase on the value of money.