This blog is used to set lesson engagement activities (bell work) for Mr Clarke's business studies students.
Monday 31 January 2011
the BIG question
There is growing pressure on the Bank of England to raise interest rates. How might a raise in interest rates effect your family? Will it be good or bad? Or both?
a raise in interest will be good for your family but bad for the economy because the economy will eventually run put of money putting us in a recession causing bankrupsy. also it will put the prices of things we need to buy up so things will be more expensive so we will not be able to buy as much with the money we have it will also make people reluctant to buy things aswell. Craig Hudson
a raise in interest rates will affect your family in a good and bad way, if the family saves more money you'll get more interest whereas your mortgage will go up and you will have less diposable income.
A raise in interest rates could have either a possitive or negative effect, depending on their situation. If they have money saved up, then they'll get more return on that money, and in turn, get more money back from this. however, mortgages will also go up as this is borrowed money, which means that family's and homeowners will have less disposable money, as they have to may pay put more.
Well a rise in interest rates may affect your family if you have lots of money in the bank, you will get more money for your saving, so it will be a good thing for people who have saved money into a bank. Max Carrington!
A raise in interest might affect my family because if you have lots of savings in a bank, as the interest rates rise, you will earn more on the money you have saved. It will be good for those who have trusted a bank with their money as they will be rewarded for saving. (?) Olly Wearing.
a raise in intrest rates will make the cost of borrowing money go up which means that people are less likely to borrow money and less likely to spend money they don't have.
It will effect my family because I wont be able to get as much stuff because my mum and dad have to pay more on the bills because of interest. It is bad because i can't get stuff.
It will afect familys because people will not spend as much, because it will cost alot to get a loan, meaning, morgage will go up, however, the saving rates are better, so if you save alot of money you get intrest with it, when intrest rates are high, people tend to save more. So it will be both, good to save and bad to borrow money.
the raise in interest rates would effect my family because it would cost more to buy certain things, it would be a bad thing because it would badly affect everyone??
as the interst rater are higher, it means that families will be spending less. they ill be spending less as, the products will cost more, this means that familes wont be able to afford some products. this shows they will be spending less. Ed
because the interest rate will rise it means that my parents will not be taking out as many loans, because they will have to pay much more money back. also this means that more of my parents money will be put into the bank. finally my parents mortgage will go up so the will have less disposable income.
It Will be good and bad it will help and put pressure towards the family to spend and borrow less but if your desperatley needed to borrow money for something important then it will cost you alot more to pay the money back and if your already in debt then the interest rate will make that debt go up even more which may cause fall into poverty. Ali Bennagi
THey prices may be higher which will make for bad thing like things like oranges will cost more moeny maybe rising 2p.
ReplyDeleteBrendon Smith
the prices may be higher which will result for bad things like apples might be 2p ect.
ReplyDeletemitch rick luke
the prices may be higher which will result for bad things like apples might be more like 2p etc.
ReplyDeletealf yaraslaugh borszcz
a raise in interest will be good for your family but bad for the economy because the economy will eventually run put of money putting us in a recession causing bankrupsy. also it will put the prices of things we need to buy up so things will be more expensive so we will not be able to buy as much with the money we have it will also make people reluctant to buy things aswell. Craig Hudson
ReplyDeletea raise in interest rates will affect your family in a good and bad way, if the family saves more money you'll get more interest whereas your mortgage will go up and you will have less diposable income.
ReplyDeleteHannah Cole
A raise in interest rates could have either a possitive or negative effect, depending on their situation. If they have money saved up, then they'll get more return on that money, and in turn, get more money back from this. however, mortgages will also go up as this is borrowed money, which means that family's and homeowners will have less disposable money, as they have to may pay put more.
ReplyDeleteDayna Potter.
Well a rise in interest rates may affect your family if you have lots of money in the bank, you will get more money for your saving, so it will be a good thing for people who have saved money into a bank.
ReplyDeleteMax Carrington!
A raise in interest might affect my family because if you have lots of savings in a bank, as the interest rates rise, you will earn more on the money you have saved. It will be good for those who have trusted a bank with their money as they will be rewarded for saving. (?) Olly Wearing.
ReplyDeletea raise in intrest rates will make the cost of borrowing money go up which means that people are less likely to borrow money and less likely to spend money they don't have.
ReplyDeleteIan Burden
It will effect my family because I wont be able to get as much stuff because my mum and dad have to pay more on the bills because of interest. It is bad because i can't get stuff.
ReplyDeleteBradley Woolford
It will afect familys because people will not spend as much, because it will cost alot to get a loan, meaning, morgage will go up, however, the saving rates are better, so if you save alot of money you get intrest with it, when intrest rates are high, people tend to save more. So it will be both, good to save and bad to borrow money.
ReplyDeleteMike Sanders
the raise in interest rates would effect my family because it would cost more to buy certain things, it would be a bad thing because it would badly affect everyone??
ReplyDeletechloe orange
as the interst rater are higher, it means that families will be spending less. they ill be spending less as, the products will cost more, this means that familes wont be able to afford some products. this shows they will be spending less.
ReplyDeleteEd
because the interest rate will rise it means that my parents will not be taking out as many loans, because they will have to pay much more money back. also this means that more of my parents money will be put into the bank. finally my parents mortgage will go up so the will have less disposable income.
ReplyDeleteMason King
It Will be good and bad it will help and put pressure towards the family to spend and borrow less but if your desperatley needed to borrow money for something important then it will cost you alot more to pay the money back and if your already in debt then the interest rate will make that debt go up even more which may cause fall into poverty. Ali Bennagi
ReplyDelete