Economics GCSE
Interest rates
What Interest rates means in Economics GCSE, as defined for AQA.
Definitions of Interest rates
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
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Reference: AQA
The base interest rate determines the cost of borrowing and the reward for saving.
The cost of borrowing and the reward for saving.
Topics that use Interest rates
- How the economy works (AQA GCSE)
- Interest rates, saving, borrowing, spending and investment (AQA GCSE)
- Monetary policy (AQA GCSE)
Related terms
- Business investment
- Compound interest
- Consumers
- Cost of borrowing
- Financial institutions
- Financial risk
- Functions of money
- Government
Using Interest rates in the exam
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