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General Awareness (CPO - 2007)
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Cheap money means
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A
low rates of interest
💡 Explanation:
Cheap money refers to a situation where interest rates are low, making borrowing affordable for businesses and individuals. When central banks keep rates low, it's called 'cheap money' policy. Options B, C, and D refer to economic indicators (savings, income, standard of living) that are unrelated to the cost of borrowing money.