The Rate of Interest You Pay to Use Money Is

question 11

Multiple Choice

The rate of interest you pay to use money is called the:

• A)prime rate.
• B)borrowing rate.
• C)discount rate.
• D)deposit rate.

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Definitions:

Market Price

The ongoing price for buying or selling a service or asset at the moment.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials that can be refined to produce usable products such as gasoline.

Real Terms

Describes values adjusted for inflation, allowing for the comparison of quantities as if prices had not changed over time.

Downward Trend

A situation in which market prices, economic indicators, or other measured data show a consistent decline over time.