The term 39 Dear Money 39 refers to ........

Indian Economy Money and banking

The term 'Dear Money' refers to

This questions was previously asked in

EPFO APFC (2015)

Low rate of interest on housing loans

Value of money at the recession stage

High rate of interest

Savings gained due to decrease in rate of interest on housing loans

- The term "Dear Money" generally refers to conditions where borrowing costs are high.

- Option 1: Low rate of interest on housing loans

- This is incorrect as "Dear Money" implies higher borrowing costs.

- Option 2: Value of money at the recession stage

- This does not specifically define "Dear Money."

- Option 3: High rate of interest

- Correct, as "Dear Money" indicates a high interest rate environment making borrowing more expensive.

- Option 4: Savings gained due to decrease in rate of interest on housing loans

- This also does not align with "Dear Money," which involves high rates.

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