tamerbouhassan
tamerbouhassan tamerbouhassan
  • 20-01-2022
  • Business
contestada

What is the price paid for the use of borrowed money referred to as?
interest
default
liquidity
principal

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mubashar69
mubashar69 mubashar69
  • 20-01-2022
Interest
Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR). Key factors affecting interest rates include inflation rate, length of time the money is borrowed, liquidity, and risk of default. Interest can also express ownership in a company.
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