Which among the following is a correct impact of dear Money ?

Q. Which among the following is a correct impact of dear Money ?
Answer: Borrowings become expensive
Notes: Dear money refers to money that is hard-to-borrow. Money is hard to borrow due to several reasons such as high interest rates. When central banks implement tight monetary policy, interest rates go up and this will will make money hard to borrow.

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📌 Question Number: 18 in 35. Money Markets & Monetary Policy in the above course in App.