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14 November, 09:50

What is the best definition of the term interest rate?

a. the rate of return on a business risk

b. the price for borrowing or saving money

c. the cost of improving productivity

d. the influence of supply and demand on loans

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  1. 14 November, 09:59
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    "b. the price for borrowing or saving money" would be the best option from the list, since this simply applies to the interest rate that is charged or given over a specific period of time.
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