Answered

Which of the following statements MOST ACCURATELY defines the term
interest rate?
A. money paid by banks and financial institutions to the U.S. government

B.discounts on purchases
made with a credit card

C. money paid by a borrower
to a lender in exchange for the use of money

D. the level of attention that economists paid to economic activity at any
one time

Answer :

ibiamechinagorom

Answer:

money paid by a borrower to a lender in exchange for the use of money

A percentage levied on the entire amount borrowed or paid on the amount saved is known as an interest rate. If you're a borrower, the interest rate is the cost of borrowed funds measured as a ratio of the entire loan amount. You can take out a loan to purchase something today and pay it back later.

The correct answer is  C. money paid by a borrower  to a lender in exchange for the use of money.

This statement is the correct answer because it correctly and appropriately describes the term interest rates.

The rate of return is a proportion of the principal—the quantity paid back a lender charges a borrower. The annual percentage rate (APR) is the term used to describe the interest rate on a transaction. 

To know more about the interest rates, refer to the link below:

https://brainly.com/question/2985734

Other Questions