Interest Rates: A Quick Primer
- GCSE, AS, A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This is a short primer video on interest rates. Students often write in exams about "the interest rate" when in fact no such interest rate exists! There are tens of thousands of different interest rates on savings and loans, the vast majority of which are set by market forces without direct central bank intervention.