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paragraphs and topic sentences

paragraphs and topic sentences - must be very careful Debt...

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There is a direct correlation between interest rates and the spending patterns of individuals. Low interest rates have a tendency to convince individuals to buy goods and services when they cannot really afford to do it. Low rates mean that the individual will spend less money on the goods and services. So, more often than not, the product is bought. As a result individuals can acquire debt rather quickly. In addition, even though an interest rate may be low, individuals over time end up spending more for the goods and services than their original quoted prices. Low interest rates can be tricky and one
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Unformatted text preview: must be very careful. Debt is always the problem in this case. High interest rates have a tendency to deter individuals from buying goods and services that they feel are too expensive to afford. As a result individuals will not acquire so much debt. Higher interest rates mean that the product in the end is much more expensive than its original sales price. People who do not have the cash will not buy. High interest rate products are easy to avoid. People just do not buy the goods and services....
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