Question

A fee paid for using someone else’s money is called __________. A. tax B. balance C. interest D. principal Please select the best answer from the choices provided

Answer 1

Answer: C- interest

Step-by-step explanation:

Interest is defined as a fee charged for the use of money.. Explanation: Interest is a payment from a receiver or deposit-taking financial organization to a loaner or investor of a quantity higher than reimbursement of the capital (i.e., the quantity borrowed), at a specific rate.

Hope this helped! By the way just goog.le it you will see this is correct! Good Luck with the test :)

Answer 2

Interest so I’m guessing C.

Can’t be B or D

Tax just doesn’t fit