QUESTION IMAGE
Question
the price that is paid for the use of anothers money is called
interest
future value
present value
liquidity
10 multiple choice 1 point
a physical item that is produced and can be weighed or measured is a
service
good
purchase
consumer
Brief Explanations
Interest is the cost of borrowing money, or the price paid for the use of someone else's funds. A good is a physical item that can be produced, weighed, or measured. Services are intangible, purchases refer to the act of buying, and consumers are the ones who buy goods or services.
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- A. interest
- B. good