How did rising interest rates affect Americans? It became cheaper to buy cars and homes. Americans had to pay higher interest on loans. Loan payments dropped greatly over time.

If there is an increasing rate it is too much to borrow. so people start spending less. This led to fewer demands and a drop in products and also in goods and services happen.

Because of the higher interest, economic growth became moderate. Another reason for higher interest rates is to reduce inflation. People can buy products, goods to pay higher interest on loans.

Tundexi Tundexi · Answer 2 · 2022-04-20T17:43:44+02:00

A situation of rising interest is known to affect America because its means they had to pay higher interest on loans.

What is a rising interest?

A rising interest is mostly associated with the minimum interest rate that the a-pex bank commands the lending banks to approve loan at.

Hence, If there is an increasing rate. so people start spending leading to fewer demands and a drop in products.

Hence, the situation of rising interest will affect America because its means they had to pay higher interest on loans.

Therefore. the Option B is correct.