The opportunity cost of money is the interest foregone.

Name: The opportunity cost of money is the interest foregone.
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Question

Quizplus · Accepted Answer

Opportunity cost is the cost of the next best alternative foregone. When someone decides to invest or spend money, the opportunity cost is the interest that could have been earned if the money had been invested instead of being spent. Therefore, the opportunity cost of money is the interest foregone.

The Opportunity Cost of Money Is the Interest Foregone