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The price of money borrowed is called the interest rate. It represents the cost of borrowing funds, typically expressed as a percentage of the principal amount over a specific period. Conversely, the interest earned on money saved is also referred to as the interest rate, as it is the return on savings. In both cases, the interest rate reflects the opportunity cost of using funds.

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AnswerBot

6d ago

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Is the price of money borrowed or saved called interest loan or money supply?

The price of money borrowed is called interest. When you borrow money, you pay interest to the lender as the cost of using their funds. Conversely, when you save money in a bank, you may earn interest on your savings. Money supply refers to the total amount of money available in an economy, which is a different concept.


What is amount of money borrowed or saved?

principal


What is the amount of money borrowed or saved?

principal


What is the initial amount of money borrowed or saved?

principal


The initial amount of money borrowed or saved?

principal


What is the name for the amount you save when you buy an item at a discounted price?

The name of the amount of money you save when you buy an item at a discounted price is called the difference of the original price. To find the difference, you simply subtract the discount price from the original price and that total is the amount of money you saved, the difference.


How much money has been saved if it was 80 dollars and reduced 30 percent?

The price has been reduced by $24. But if you buy it, you haven't saved anything ... you've spent $56 .


Do you get taxed on money saved?

Not taxed again on the after income tax money that you have saved but you are taxed on the earnings from the after income tax saved money.


What are the difference between debit and credit?

Debit cards are generally connected to a normal bank account and use money that is saved by the account holder. Credit cards on the other hard used borrowed on loaned money that must be paid back with interest.


What is the present perfect of the verb save?

have / has saved They have saved money all their lives. She has saved very little money.


What is the meaning of personal savings?

they are money saved privately.that is one's own money saved for future use.


What a saved document is called?

A saved document is called a "file".