________ is the cost to the customers or the fee the bank charges those customers for borrowing money.
A) Interest
B) A service charge
C) Tax
D) Tariff
E) A user fee

Question

Quizplus · Accepted Answer

Interest is the cost to customers for borrowing money. Banks charge interest as a percentage of the principal loan amount, and the rate varies based on factors such as the term length of the loan and the borrower's credit history.

________ Is the Cost to the Customers or the Fee