Question and answer
describe interest rates
An interest rate is the rate at which interest is paid by a borrower for the use of money that they borrow from a lender. [ For example, a small company borrows capital from a bank to buy new assets for their business, and in return the lender receives interest at a predetermined interest rate for deferring the use of funds and instead lending it to the borrower. Interest rates are normally expressed as a percentage of the principal for a period of one year[1]. Interest rates targets are also a vital tool of monetary policy and are taken into account when dealing with variables like
investment, inflation, and unemployment. ]
Expert answered|selymi|Points 7442|
Question
Asked 2/8/2012 2:55:46 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
f
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
what is prime rate?
Question
Updated 6/17/2014 4:38:54 AM
1 Answer/Comment
Prime rate or prime lending rate is a term applied in many countries to reference an interest rate used by banks.
Added 6/17/2014 4:38:54 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [6/17/2014 4:54:30 AM]
36,207,663
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Questions 1 10: Fill in the blank space with an antonym of the ...
Weegy: 1. He couldn?t bear the cold of Alaska after living in the __________ of Texas. 2. He has been accused of ...
6/28/2022 3:01:23 PM| 22 Answers
Write each decimal as a fraction. Reduce to the lowest terms. a. ...
Weegy: a. 0.6 b. .25 c. 0.125 d. 0.550 e. 0.18 f. 0.048 into fractions are: a. 3/5 b. 1/4 c. 1/8 d. 11/20 e. ...
6/28/2022 8:05:35 PM| 19 Answers
Match the terms to their correct definitions. 1. Adjusted ...
Weegy: Planning for the distribution of one's estate after death is Estate planning.
6/27/2022 2:45:33 PM| 17 Answers
Questions 1 10: Fill in the blank space with an antonym of the ...
Weegy: He couldn t bear the cold of Alaska after living in the heat of Texas. User: The water was calm until the ...
7/3/2022 6:39:18 PM| 14 Answers
The correct plural of the noun attorney is _attorney. The primary ...
Weegy: The correct plural of the noun attorney is attorneys.
7/6/2022 12:08:57 PM| 12 Answers
S
L
R
Points 691 [Total 1289] Ratings 2 Comments 651 Invitations 2 Offline
S
L
Points 133 [Total 133] Ratings 0 Comments 133 Invitations 0 Offline
S
L
P
Points 119 [Total 317] Ratings 1 Comments 109 Invitations 0 Offline
S
L
Points 72 [Total 676] Ratings 0 Comments 72 Invitations 0 Offline
S
L
R
Points 63 [Total 1222] Ratings 0 Comments 63 Invitations 0 Online
S
L
Points 50 [Total 752] Ratings 1 Comments 40 Invitations 0 Offline
S
Points 43 [Total 84] Ratings 3 Comments 3 Invitations 1 Offline
S
L
Points 36 [Total 118] Ratings 1 Comments 26 Invitations 0 Offline
S
Points 31 [Total 31] Ratings 2 Comments 11 Invitations 0 Offline
S
L
R
R
Points 30 [Total 345] Ratings 3 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.