f interest for borrowing money is considered a necessary fact of modern life, particularly for large, durable goods such as cars, houses, and appliances.

Unsurprisingly, the lesser the rate of interest, that is, the less one is 'charged' for borrowing money, the more attractive it is to borrow money and to spend money, money that one does not technically have in one's pocket. The higher the rate of interest, the less likely one is to borrow and spend money. Thus, when the Federal Reserve wishes to stimulate the economy it lowers the rate of interest. This makes it more attractive for people to borrow money, and less attractive to save money in savin

Some common words found in the essay are:
Federal Reserve, Auto Bubble-with, , Business Week, spend money, borrowing money, oil prices, federal reserve wishes, oil prices rates, prices rates, money attractive, borrow money, auto industry, federal reserve, consumers apt, ready cash,
Approximate Word count = 441
Approximate Pages = 2 (250 words per page double spaced)