Why do banks consider interest on loans to be important

interest rates are the cost of borrowing money d represent what creditiors earn for lending money. Central banks raise or lower short terms interest rates to ensure stability and liqidity in the economy

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Mark as brainlist

Many people throughout time have wondered about and predicted what the future will hold. It is very interesting to think about what the future will look like, not only in the near future but also in the distant future. As time goes on, and we are able to understand more and get more adventurous when it comes to inventing, it is intriguing to imagine what will happen and how society will change once the world is faced with new circumstances.

John Wilkins, Nikola Tesla, and Isaac Asimov have made predictions about the future. John Wilkins believed that many people would be able to fly in a flying chariot/machine (John Wilkins from A Discourse Concerning a New World and Another Planet, book 1, 1640). We find this to be true because of aerodynamics which have allowed us to build airplanes. Nikola Tesla believed that we would be able to communicate with anyone around the world by using a gadget about as big as a watch (Nikola Tesla, from an interview in the New York Times, Oct. 1909). We find this to be mostly false because not only can we not communicate with people from remote areas but we also don't use anything that small. We do have things we use communicate which are that small, but it is not common. Isaac Asimov believed that we would have machines that would do jobs for us and some would make automeals (Isaac Asimov, “A Visit to the World’s Fair of 2014,” New York Times, Aug. 16, 1964). We find this to be somewhat true because we do have machines that work in factories to help build and manufacture products and goods but we do not have automeals. We may have things like microwavable food and Keurig coffee makers, but nothing as sophisticated as what he is describing.

When making a prediction about the future, it is important to not only think about what kind of things we will be able to do, but also about how we would be able to do it. It is true that we discover new things all the time that allow us to be able to accomplish more, however, it is likely that we will stay the same when it comes to the resources and things we have to make new inventions. Therefore, if someone makes a prediction that does not make logical sense, it will probably not be accomplishable.

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I had the same question. ik this is more than 250 but it shouldn't be a problem :). hope this helped :))