The rate paid to borrow money is known as the

Name: The rate paid to borrow money is known as the
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The rate paid to borrow money is known as the interest rate. Option B, unemployment rate, refers to the percentage of the labor force that is currently unemployed. Option C, inflation rate, refers to the rate at which the general price level of goods and services is increasing over time. Option D, monetary growth rate, refers to the rate at which the money supply in an economy is increasing over time.

The Rate Paid to Borrow Money Is Known as the