Interest Rates are the cost of borrowing or the reward for saving money.
Interest Rates are the percentage charged by lenders to borrowers for using their money. They also represent the earnings on savings. In the context of crypto/fiat exchanges, interest rates can influence borrowing and lending activities. Higher rates may discourage borrowing and encourage saving, while lower rates can have the opposite effect. Central banks often adjust interest rates to control economic growth and inflation. Understanding interest rates is crucial for making informed financial decisions, whether you're managing loans, savings, or investments in both traditional and cryptocurrency markets.
