The amount of money charged to borrow money, expressed as a percentage, is called the _____.A.loan termB.collateralC.principalD.interest rate
Question
Solution 1
The amount of money charged to borrow money, expressed as a percentage, is called the D. interest rate.
The interest rate is fundamental in finance as it represents the cost of borrowing money or the return on investment for saving money. It is typically expressed as a percentage of the princi Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
The interest rate banks charge their customers is known as the _____ rate.A.mortgageB.primeC.securitiesD.discount
Fill in the Blank QuestionFill in the blank question. rates on money loans determine the interest incomes earned by the owners of capital goods.
Fill in the Blank QuestionFill in the blank question.A loan backed by collateral, something valuable like property, is called a loan.
If the borrower and lender agree to a loan at 8% when the inflation rate 3%, then 8% is the ________ interest rate and 5% is the _________ interest rate.
The ratio that indicates if a borrowing company will be able to meet its required interest payments is the
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.