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Interest is both the money earned from an investment (like putting your money in the bank) and money paid by people who borrow money. a. True b. False

Interest is both the money earned from an investment (like putting your money in the bank) and money paid by people who borrow money. a. True b. False
asked 143k views
3 votes
Interest is both the money earned from an investment (like putting your money in the bank) and money paid by people who borrow money.

a. True
b. False

asked
User SlashGordon
by
8.2k points

1 Answer

6 votes

a. true , you earn interest if you are saving in an institution, you pay interest on a loan
answered
User Christopher Wirt
by
7.9k points
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