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It is a relationship where you save, but also borrow.

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Q: What is a saving borrowing relationship?
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The relationship between culture borrowing and inventions?

Cultural borrowing is the borrowing of another culture's objects to better your culture. Invention is creating something that belongs purely to you.


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Generally human tendency is always thinking about future as the future is uncertain. In economics when income increases consumption also increases but less than proportionately. This is because everyone wants to save some portion of their income for their future. The reason for India for not so affected when Global recession was so much impact on the western countries, is saving tendency of the Indians. However, if the saving is high in the economy due to uncertainity, the volume of circulation of the money in the economy will become less and it will lead to lesser borrowing and investing attitude of the people. However, for any healthy economy there must be dynamic borrowing and investing with considerable amount of saving.


What is the money rate?

There is no single "money rate". There are rates of exchange between the currencies of most countries. These are dynamic rates and change continuously. You can find reasonably up-to-date rates from various currency exchange rate websites.Then there are interest rates for borrowing and lending. Interest rates for borrowing will depend on what you are borrowing for, how long you are borrowing for and your credit-worthiness. The rate of interest that you might get for saving depends on the amount and the period.All these rates depend on the state of the economy and the expected development in the economy over the period in question.


What are the services offered by the Cooperative Bank in the UK?

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