Question

When you borrow money, you are charged _____. When you put your money in the bank and save it, you earn _____. interest, interest interest, inflation interest, the money supply?

Answer 1

interest, interest

an interesting question

Answer 2

Interest, interest.

Step-by-step explanation:

Interest is the remuneration for the postponement of consumption, ie the remuneration for postponing consumption. When you lend money you charge a fee for the savings effort, which is interest. Thus, if you borrow money you will receive the interest. Similarly, by putting money in the bank as savings, you will be lending to the bank, so it will pay you back with interest.