Interest is the
A) price paid for the use of money.
B) opportunity cost of time.
C) expectation of a future return on investment.
D) reward for consuming rather than saving.

Name: Interest is the A) price paid for the use of money. B) opportunity cost of time. C) expectation of a future return on investment. D) reward for consuming rather than saving.
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Question

Quizplus · Accepted Answer

Interest is the price paid for the use of money. It refers to the fee paid by a borrower to a lender in exchange for the temporary use of funds.

Interest Is the