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May 31, 2012 7:44 PM Subscribe
Interest rates for US certificates of deposit: 1%, if you're lucky. Interest rates for Australian term deposits: 4-5%. What gives?
posted by rdc to Work & Money (16 answers total) 4 users marked this as a favorite
I mean, I get that the Reserve Bank of Australia is keeping interest rates high-ish while the Fed is keeping them low, but why? Is this question a whole can of worms? Will there be references to the Chicago School? WILL THERE BE A TEST?