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What is the best definition of the term interest rate? a. the rate of return on a business risk b. the price for borrowing or saving money c. the cost of improving productivity d. the influence of supply
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What is the best definition of the term interest rate?

a. the rate of return on a business risk
b. the price for borrowing or saving money
c. the cost of improving productivity
d. the influence of supply and demand on loans

User Stefana
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1 Answer

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"b. the price for borrowing or saving money" would be the best option from the list, since this simply applies to the interest rate that is charged or given over a specific period of time.
User Dima Feldman
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