Question

What are interest rates?

A. The amounts that banks charge to borrowers as set by the federal
government
) B. The lengths of time that the government allows borrowers to pay
back a loan
O
C. The total sum of money in circulation at any given time
D. The money that the federal government spends each year on
important programs

Answer 1

B

Step-by-step explanation:

Think of it, when you buy a loan, you have a interest rate. You have to pay off the interest rate with the loan. Hope this helps.