Which of the following are included in interest income?
I.payments made for the use of land
Ii.income paid to households for loans they make
Iii.payments made by households for their borrowing
A)i,ii and iii
B)ii and iii only
C)i and ii only
D)ii only
E)iii only

Question

Quizplus · Accepted Answer

Interest income refers to income earned from lending money, such as interest earned on loans or bonds. Therefore, payments made for the use of land (i) and payments made by households for their borrowing (iii) are not considered interest income. Income paid to households for loans they make (ii) is considered interest income and is included in this category.

Which of the Following Are Included in Interest Income