Examlex
All of the following statements are true EXCEPT:
Interest Rate
The cost of borrowing money or the return for investing money, typically expressed as a percentage of the principal.
Inventory
Inventory encompasses all the goods and materials a business holds for the purpose of resale, production, or utilization.
Equipment
Tools or machinery used for specific purposes, especially in the context of manufacturing or industrial operations.
Goods and Services
The output of an economy that satisfies consumer or business needs, where goods are physical items and services are intangible activities or benefits.
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