The interest rate:
A)is expressed as a percentage per dollar borrowed and per unit of time.
B)tells us how much less money is worth today than in the future.
C)exists only because lending is risky.
D)All of these are true.

Name: The interest rate: A)is expressed as a percentage per dollar borrowed and per unit of time. B)tells us how much less money is worth today than in the future. C)exists only because lending is risky. D)All of these are true.
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Question

Quizplus · Accepted Answer

The Answer is A

The Interest Rate