The price paid for the use of money is called
A) commission.
B) royalty.
C) interest.
D) rent.

Name: The price paid for the use of money is called A) commission. B) royalty. C) interest. D) rent.
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Question

Quizplus · Accepted Answer

The term used for the price paid for the use of money is interest. Commission is a fee paid to an agent for services rendered, royalty is a payment made for the use of intellectual property, and rent is payment made for the use of property or assets.

The Price Paid for the Use of Money Is Called