value: 1\nrates at which money is lent out or borrowed is called:\n a. principal\n b. interest rates\n c…

value: 1\nrates at which money is lent out or borrowed is called:\n a. principal\n b. interest rates\n c. minimum payment\n d. mortgage

value: 1\nrates at which money is lent out or borrowed is called:\n a. principal\n b. interest rates\n c. minimum payment\n d. mortgage

Answer

Brief Explanations:

The principal is the initial amount of money lent or borrowed. Minimum payment is related to the least amount to be paid in a financial - obligation context. A mortgage is a loan secured by property. Interest rates are the rates at which money is lent or borrowed.

Answer:

B. interest rates