Which of the Following Are Included in Interest Income

question 210

Multiple Choice

Which of the following are included in interest income?
I.payments made for the use of land
Ii.income paid to households for loans they make
Iii.payments made by households for their borrowing

• A)i,ii and iii
• B)ii and iii only
• C)i and ii only
• D)ii only
• E)iii only

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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity supplied.

Demand

The level of demand for goods or services that customers are prepared and can afford across a range of prices within a certain period.

Price Change

A fluctuation in the cost of a good or service in the market.

Decrease in Quantity

A reduction in the amount or number of a particular good or service.