Argabright627 Argabright627

02-09-2015
History

Answered

What is the best definition of the term interest rate?

Athe rate of return on a business risk
Bthe price for borrowing or saving money
Cthe cost of improving productivity
Dthe influence of supply and demand on loans

Verified Answer :

HistoryGuy HistoryGuy

10-09-2015

"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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