Which of the following statements accurately describe the dynamics of the loanable funds market? Select all that apply.

The loanable funds market is where people and businesses come together to lend and borrow money. When more people want to borrow money, the demand for loans increases, which can lead to higher interest rates. On the other hand, if more people are saving and lending money, the supply of loanable funds increases, which can lower interest rates. For example, if a new business wants a loan to expand, it will increase demand, possibly raising interest rates if there aren't enough savings available. Overall, the balance between how much money people want to borrow and how much is available to lend shapes the interest rates in this market.