The amount of money a bank charges for the privilege of allowing a person to borrow money or the amount of money the bank pays a person to deposit his money for the bank to invest is called?

Question

der48751 · Answer

Interest has two types:- The interest paid by the bank to depositors as a thank you for lending money.- The interest that borrowers are required to pay to the bank as payment for lending money.

The amount of money a bank charges for the privilege of allowing a person to borrow money or the amount of money the bank pays a person to deposit his money for the bank to invest is called?

Answer (1)

Related Questions in Economics

[Sagot para sa’yo] Sources of Information to Find Work​

[Sagot para sa’yo] Give an example of a cultural symbol that represent Filipino identity. Explain why you consider it as a cultural symbo​

[Sagot para sa’yo] why is it essential to recognize and analyze cost within a business?

[Sagot para sa’yo] Sources of Information to Find Work

[Sagot para sa’yo] Give an example of a cultural symbol that represent Filipino identity. Explain why you consider it as a cultural symbo