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What is the impact of high-interest rates on bu... - SS1 Economics Problems of Business Financing In Nigeria Question

What is the impact of high-interest rates on businesses in Nigeria?

A

It makes it easier for businesses to access affordable financing

B

It makes it difficult for businesses to access affordable financing

C

It reduces the risk of default for lenders

D

It encourages more investment in the economy

 

correct option: b
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