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The amount the bank charges for use of money is called interest. True False

The amount the bank charges for use of money is called interest. True False
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The amount the bank charges for use of money is called interest.
True
False

asked
User Friol
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1 Answer

3 votes
True. When you borrow from a bank, you pay back the amount loaned PLUS interest.
answered
User Jack Franzen
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7.9k points
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