Select the Correct Word for Each Sentence

question 32

Multiple Choice

Select the correct word for each sentence.
-Using credit cards with high interest rates instead of paying cash can be a _____ of money.

• A) waist
• B) waste

---

Definitions:

Actual Inflation Rate

The percentage increase in the general price level of goods and services in an economy over a period of time, as measured by the consumer price index or other methods.

Real Rate

The real rate is the interest rate adjusted for inflation, providing a more accurate measure of the true return on an investment or the true cost of borrowing.

Interest

The cost of borrowing money or the return on investment, typically expressed as a percentage of the principal.

Interest Rate

Refers to the cost of borrowing money, expressed as a percentage of the amount loaned, or the return on invested savings.