Read what President Bill Clinton said about interest rates in his 1996 State of the Union address."Lower interest rates have made it easier for businesses to borrow and to invest and to create new jobs. Lower interest rates have brought down the cost of home mortgages, car payments, and credit card rates to ordinary citizens.”—President Bill Clinton, January 23, 1996
Answer
A
Lower interest rates lead to higher prices for goods.
B
Lower interest rates do not help the economy improve.
C
Lower interest rates lead to more spending and more jobs.
D
Lower interest rates are better for businesses than for citizens.
Explanation
Clinton says lower interest rates make it easier for businesses to borrow and invest, helping them create jobs. He also explains that lower rates reduce the cost of mortgages, car payments, and credit cards, leaving citizens with more room to spend. So the best choice is “Lower interest rates lead to more spending and more jobs.”
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