High interest rates on loans encourage people to a. spend less b. spend more c. save less d. save more

A. Spend less

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high interest rates does not encourage spending i.e spend less ( A )

Explanation:

High interest rates on loans makes it difficult for people to service loans comfortably, because it comes with a huge cost.leaving people with less money to spend and it also discourages borrowing, while taking out loans with smaller interest will encourage more spending and more borrowing