The cost of using a good for some specific period of time is called the ________ of the good.

Question

Quizplus · Accepted Answer

The cost of using a good for a specific period of time is known as the rental price. This makes option B the correct choice. The issue price refers to the price at which a security is offered initially, while the auction price is the price at which goods are sold to the highest bidder. Lastly, the market price is the current price of a good in the market.

The Cost of Using a Good for Some Specific Period