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The price of money borrowed or saved is called _____. interest loan money supply

The price of money borrowed or saved is called _____. interest loan money supply
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The price of money borrowed or saved is called _____.
interest
loan
money supply

asked
User Hawkke
by
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2 Answers

7 votes

Answer:

interest

Step-by-step explanation:

answered
User Daxlerod
by
8.2k points
6 votes
The price of money borrowed or saves is called INTEREST.

When you borrow money, interest is also paid on the principal. When you save money, interest is earned on the savings. This is the price of money borrowed or saved.
answered
User Ajmedway
by
7.8k points
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