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متابعة

Which of the following is an accurate definition of interest rates?

(a) The cost of borrowing money.(b) The price of one currency expressed in terms of another.(c) The level of unemployment that is normally apparent in an economy as some people are in between jobs or searching for a new one.(d) The setting of the exchange rate by the forces of the market for currency.

 

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تم إضافة السؤال من قبل Kishor Vadher , Sales Manager , Hausstrom ltd. Lagos
تاريخ النشر: 2015/03/24
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

INTEREST IS THE REWARD FOR USE OF MONEY PAYABLE TO THE LENDER.

(a) The cost of borrowing money

Vinod Jetley
من قبل Vinod Jetley , Assistant General Manager , State Bank of India

The correct answer is :

(a) The cost of borrowing money

Muhammad Adeel
من قبل Muhammad Adeel , Sales And Marketing Executive , TANZEEM HEAVY EQUIPMENT RENTAL LLC

Agreed with all. The closet answer is Option A.

Other options help in determining the rate of interest to be applied on borrowing money. 

Nasir Hussain
من قبل Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

(a) The cost of borrowing money should be the right answer.......................

 

Alex Al Yazouri
من قبل Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

(a) The cost of borrowing money.

Brynn Bailey
من قبل Brynn Bailey , National Operations Manager , NuMetro

1. It is defined as the proportion of an amount loaned which a lender charges as interest to the borrower, normally expressed as an annual percentage.

2. It is the rate a bank or other lender charges to borrow its money,

3. The rate a bank pays its savers for keeping money in an account.

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